The US lost jobs in December

January 08, 2021
The US lost jobs in December

The NFP report brought negative news regarding the virus’ impact on the market

The latest non-farm payroll report revealed that the US labor market, instead of gaining in the past month, lost 140,000 jobs. The decrease was mainly caused by the resurgence in the number of COVID-19 cases. The number of non-farm payrolls was expected to increase by 50,000 in December.

On the other hand, the unemployment rate came below the 6.8% consensus at 6.7%. Moreover, in the past week, the number of unemployment claims was lower-than-expected at 787,000. The market was looking for 832,000 claims.

USA30, USA500, the Dollar, and Gold are usually reacting to such news. Keep an eye on the market to see what is happening!

Sources: forexfactory.com

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