The global highly anticipated U.S. December payrolls report has finally been published, the data show mixed half the employed population increased by 15.5 million people, better than market expectations, but the unemployment rate rose slightly from the previous month's 7.7% to 7.8%, in line with market expectations. Affected by the U.S. dollar against the major currencies, the weakness of the dollar index 80.87 near narrowed decline of the euro, sterling and gold (1657.90, -16.70, -1.00%) and other risk assets.
U.S. Department of Labor announced on Friday (January 4) data show that nonfarm payrolls increased by 15.5 million people, economists expected an increase of 150,000 in December. November non-farm payrolls increased by 146,000. December unemployment rate was 7.8%, 7.8% economists had expected. The unemployment rate was 7.7% in November, after a revised 7.8%.
In addition, the data also showed that the U.S. December monthly rate of average hourly wages rose by 0.3%, is expected to rise 0.2%; increased by 2.1% per annum, the former value increased by 1.7%. American average working week of 34.5 hours in December, is expected to 34.4 hours. At the same time, the data shows that the employment rate in November to 7.8% from 7.7% correction. The number of job growth in November was revised to 16.1 million from 14.6 million. October job growth revised to 137,000 from 138,000.
Due to the strong performance of the ADP private sector employment data released yesterday, the market had expected non-farm payrolls ability to rise significantly, but the payrolls report was slightly disappointed the market. U.S. non-farm payrolls in 2012 the average monthly increase of 15.3 million, the same as in 2011. Taking into account the economic recovery, the the recruitment situation this should be stronger.
Analysts said the non-farm payrolls data is not too bad, but the view from the U.S. Treasury prices surges, bond investors are more concerned about the unemployment rate rose to 7.8% of the news. The Federal Reserve (Fed) has adopted a new policy framework (the unemployment rate of 6.5% as a standard), it may overvalue the data. Today's report eased bond investors worried the Fed may begin before the end of the year to control the action of the bond purchase such fears triggered by the Fed minutes released yesterday.
Western Union Company (Western Union Business Solutions) analyst Joe Manimbo said non-farm payrolls report released today showed that the U.S. labor market is the unemployment rate target of 6.5% of the U.S. Federal Reserve (Fed) to develop a long way off. However Manimbo the same time, taking into account a time when the U.S. financial cliff December unresolved, so you can see that the U.S. labor market is still tenacious.
As of now, the dollar index fell to session lows 80.49; euro / dollar rebounded from near the 1.30 mark, hit a session high of 1.3057 earlier fell below the 1.30 mark; USD / JPY decline from two and a half high near, dollar down break the 88 barrier, touched a session low of 87.57; GBP / USD mild rebound to 1.6049; AUD / USD rebounded to 1.0450 first-line. International spot gold price lows from the four and a half months, touching $ 1,651.64 / oz; Spot silver rebounded to 29.92 U.S. dollars / ounce.
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