(Reuters) – The American economy created more jobs than scheduled in June, show the official data published Thursday.
The monthly report of the Labor Department lists 147,000 non -agricultural jobs created over the month, while the economists interviewed by Reuters provided an average of 110,000 net creations after 144,000 in May (revised figure of 139,000).
The unemployment rate reflected in June at 4.1%, against a rate of 4.3% anticipated by analysts, after 4.2% in May.
The growth of average salary in the private sector slowed down to 0.2% in June against 0.4% a month earlier and a consensus at +0.3%. Over one year, its increase is 3.7%, after +3.9%in May and a forecast at +3.9%.
After the publication of this statistic, gains on term contracts to Wall Street are strengthening. Futures in New York indices report an opening of Wall Street up 0.22% for Dow Jones, 0.29% for Standard & Poor’s 500 and 0.31% for NASDAQ.
Investors seem to be relieved by this indicator that appeases concerns about the labor market situation despite uncertainties linked to American trade policy.
On the bond market, the yield of American treasury bills jumped almost five base points at 4.34%, while in foreign exchange, the dollar is reinforced by 0.61% in the face of a basket of reference currencies.
The greenback takes 0.77% to 144.78 yen against Japanese currency and 0.58% to 0.797 against the Swiss franc. The euro sells 0.47% to 1.1743 dollars.
An always solid labor market is likely to encourage the American federal reserve to refrain from any drop in its guiding rates by September, traders say.
The day before, the monthly investigation of the ADP cabinet had shown that the private sector in the United States had destroyed 33,000 jobs in June, while postal creations in the previous month had been revised downwards.
FED’s guidelines linked to the FED key rate show a probability of only 5% as to a drop in Fed rates in July, against a probability of 25% before the employment report.
Traders are now only planning two rate drops by December against three previously anticipated reductions.
(Written by Claude Chendjou, edited by Blandine Hénault)
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