USA Unemployment Rate
|Latest Release:||05-12-2014 13:30:00|
|Next Release:||22-10-2013 12:30:00|
|Source:||Bureau of Labor Statistics|
The Canadian dollar fell to a fresh six-month low against the greenback on Friday, as US employers added workers at a faster pace in September and the unemployment rate fell to a six-year low.
The loonie, as the Canadian dollar is known, declined 0.71 percent to 0.8897 US. The loonie was trading near the intraday low, as the markets weighed the latest batches of US data. The Canadian dollar is pacing for a weekly decline of 0.7 percent, after having depreciated in value by 5.1 percent over the last three months.
The markets reacted sharply to the Labor Departmentâs employment report, which was released at 8:30 am EST. The US economy added 248,000 nonfarm payrolls in September, blowing past estimates calling for 215,000. Augustâs figure was revised upward to reflect growth of 180,000, following a disappointing advance estimate showing only 142,000.
The unemployment rate declined 0.2 percentage points to 5.9 percent, a new six-year low, and is now approaching the critical 5.5 percent level that many economists consider healthy.
Declining unemployment and a faster rate of job creation took the spotlight away from earnings growth, which stagnated in September. Average hourly earnings were unchanged, despite estimates calling for an increase of 0.2 percent. Year-on-year, earnings had grown only 2 percent.
A tighter labour market is all the...
Business » US nonfarm payrolls surge in SeptemberPosted Oct 3rd, 2014 at 12:48 PM
US employers added more than 200,000 jobs in September for the seventh time in eight months, adding further evidence the labour market recovery was deepening in the second half of the year in what...
Forex » US Unemployment Rate DropsPosted Oct 3rd, 2014 at 12:39 PM
Short term US jobless data yesterday clearly set the tone for the detailed update today on the current state of the employment market. The headline economic figure is the official Unemployment Rate...
Analysis and Opinion » Draghi Coy on ABS DetailsPosted Oct 3rd, 2014 at 07:04 AM
The ECB disappointed most market participants last night, causing some increased volatility in Forex markets without creating much strong direction; stock markets reacted negatively with an emphasis...
Forex » Falling US Unemployment NumbersPosted Oct 2nd, 2014 at 12:38 PM
The official US Unemployment Rate, along with the Non Farm Payrolls for September are not due to be announced until tomorrow afternoon, but some insight can be gained into the likely strength of...
Forex » Loonie Advances as BOC Acknowledges "Stronger...Posted Sep 3rd, 2014 at 11:23 PM
The Canadian dollar advanced against its US counterpart Wednesday, as the Bank of Canada acknowledged the economy was growing as expected amid renewed optimism that a recently brokered ceasefire...
Forex » US Dollar Index Touches 83.00Posted Sep 2nd, 2014 at 05:18 PM
The US dollar index resumed its upward climb on Tuesday, setting fresh one-year highs on the strength of manufacturing and construction data. The US dollar index, a weighted average of the...
Forex » US Dollar Index Consolidates at 1-Year High in...Posted Sep 1st, 2014 at 06:00 PM
The US dollar remained elevated against a basket of currencies Monday, as North American traders paused to observe Labour Day ahead of a flurry of economic data later in the week. The US dollar...
Business » US Pending Home Sales Rebound in July: NARPosted Aug 28th, 2014 at 05:41 PM
Contracts to buy existing homes rebounded in July, adding to the view the US housing sector was slowly emerging from a rough patch at the start of the third quarter. The pending home sales index...
Business » US Consumer Confidence Hits 7-Year High:...Posted Aug 26th, 2014 at 07:11 PM
US consumer confidence advanced for a fourth consecutive month, as improving business conditions and strong employment growth boosted consumersâ assessment of the current climate. The Conference...
Business » US New Home Sales Decline Further in JulyPosted Aug 25th, 2014 at 03:57 PM
The sale of new US homes declined unexpectedly in July, tempering expectations about a broad rebound in the housing sector at the start of the third quarter. New US home sales declined 2.4...
|Forex Broker Spreads »|
|Most Popular Articles »|
- Canadian dollar holds ground despite weak retail sales data 14 views
- Synchrony Financial and BP Announce Consumer Credit Program Agreement 2 views
- Vitesse Signal Integrity Expert to Present in Silicon Valley 2 views
- Health Canada Issues Notice of Compliance for Gilead’s HarvoniTM (Ledipasvir/Sofosbuvir), the First Once-Daily Single Tablet Regimen for the Treatment of Genotype 1 Chronic Hepatitis C 2 views
- OECD slashes global growth forecast into 2014 2 views
- Straight Talk Money: What Warren Buffett Eats for Breakfast and the Passing of a Wall Street Legend 2 views
- Stephen G. Daly Joins MACOM’s Board of Directors 2 views
- Euro Reverses Wednesday’s Gains as Flight to Quality Accelerates 1 view
- Agilent Technologies to Host Webcast of Analyst and Investor Meeting 1 view
- Bitcoins Surge As Popularity Rises 1 view