The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump...
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Maroc - FINANCIALMIRROR.COM - A La Une - 16/Dec 17:09
Soft US jobs data crushes dollar
The GBPUSD currency pair surged 0.42% on Tuesday as the latest US jobs report revealed a labour mark weakness, while retail sales were unexpectedly unchanged from September figures, an indication of consumers’ resilience. Sterling-dollar traded at 1.3432 after reaching a daily low of 1.3355. US nonfarm payrolls (NFP) in November came at 64,000, but better than the 50,000 expected, an improvement compared to October’s -105,000 print. The data pushed the unemployment rate from 4.4% to 4.6%, above estimates of 4.5% by Federal Reserve officials, which updated their forecasts at the Summary of Economic Projections (SEP). Other data revealed that retail
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