US job openings smashed expectations last month

Last Updated : Friday, Sep 21, 2018

The dollar gave up gains in lunchtime trading, despite official figures showing the number of new jobs added in the US economy smashed expectations in February. The closely-watched non-farm payroll figure rose to 313,000 in February, compared with economists' expectations of 200,000, which would have been flat on the previous month. Unemployment remained in line with February at 4.1 per cent, the figures showed, although analysts had expected it to fall to four per cent. However, there was one black cloud: growth in average hourly earnings fell back to 2.6 per cent, from 2.8 per cent in January. Economists had expected it to remain flat. The news pushed the dollar to 0.8126, down from 0.8140 in earlier trading. It fell as low as 0.7226 against the pound.

(Source : www.cityam.com)