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Strong job data pushed USD higher

Friday, Jun 05 2015
Total nonfarm payroll employment rose by 280,000 in May, compared with an average monthly gain of 251,000 over the prior 12 months. Smaller increase by 228,000 was forecasted. Job gains occurred in professional and business services, leisure and hospitality, and health care. Employment in mining continued to decline. 
 
In May, both the unemployment rate (5.5%) and the number of unemployed persons (8.7 million) were essentially unchanged. Analysts were anticipating no change from April's 5.4%. Both measures have shown little movement since February. 
 
Average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $24.96, what is 0.3% and above expected rise by 0.2%. Over the year, average hourly earnings have risen by 2.3%. Average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents to $20.97 in May.
 
After the data USD was pushed significantly higher against its major rivals. Euro is currently being traded slightly above 1.1060 level, Sterling is few points above 1.52 handle, while Aussie is around 0.76 area.
More in this category: « Sterling lower ahead NFP figures USD - Major events in the week ahead »

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