US Non-Farm Payrolls Miss Expectations | Canada’s Employment Soars Higher
Published September 6, 2019
Today, the US Bureau of Labor Statistics reported that US non-farm payrolls in August increased by 130,000 following July’s revised reading of 159,000, coming in weaker than the market expectation of 158,000. The US Dollar Index was trading slightly lower at 98.30 levels after the release.
This morning, Canada released its August employment figures. The economy added 81,100 new jobs, much better than the expectation of 18,900, while the unemployment rate held steady at 5.7 percent. The Canadian dollar strengthened to fresh session highs, breaking below 1.3180 levels after the release.
Federal Reserve Chairman Powell is due to deliver a speech titled “Economic Outlook and Monetary Policy” at an event hosted by the Swiss Institute of International Studies later today.
British opposition parties said today that they would block Prime Minister Boris Johnson’s second bid to call a snap general election in mid-October, setting up showdown with the government over delaying Brexit.