Strong American jobs gains are observed in July

Strong American jobs gains are observed in July

In July, American employers managed to keep a sturdy tempo of hiring, while lifting wages for employees. Apparently, these are signs of labor market tightness, which could potentially clear the way for the Fed to announce next month a plan to get down to shrinking its huge bond portfolio.

As a Reuters survey of economists states, on Friday the Labor Department's closely watched employment report will most likely show that non-farm payrolls leapt by 183,000 jobs the previous month after soaring 222,000 in June.

In June, average hourly earnings are expected to have ascended 0.3% after earning 0.2% in June.  It would be the greatest soar for five months. As for the year-on-year leap in wages, it will probably slow to 2.4% because the previous year's steep ascend is excluded from the calculation.

Average hourly earnings tacked on 2.5% for the twelve months to June and have been going down since ascending 2.8% in February. Experts find lack of strong wage surge surprising especially considering that the US economy is close to full employment.


Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera