Markets’ expected non-farm payrolls figures announced


Lerato Khumalo

According to the data, non-farm employment increased by 206 thousand in June. The expectation was for the increase to be between 190 thousand and 200 thousand.

Nonfarm payrolls growth was revised from 165,000 to 108,000 for April and from 272,000 to 218,000 for May.

The country’s unemployment rate rose to 4.1 percent. Market expectations were that the unemployment rate would remain stable at 4.0 percent, the same level it saw the previous month.

The Labor Bureau announced that private sector employment increased by 136 thousand and public sector employment increased by 70 thousand.

While there was a decrease of 8,000 in employment in the manufacturing sector, there was an increase of 27,000 in the construction sector. Analysts had estimated an increase of 6,000 in the manufacturing sector.

The figures point to a buoyant U.S. economy, but the dollar gained slightly. The DXY index, which measures the greenback’s strength against other currencies, rose to 104.732 from 104.613.