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November 2015

USA economy creates 271,000 jobs in Oct

Published: Friday 06 November 2015

Today saw the release of US non-farm payroll figures. This is the US employment figure and shows the number of jobs created outside of the farming sector of the economy. The American economy created 271k jobs in October smashing expectations of 180k. This dragged the unemployment rate to 5% whilst average hourly earnings rose by 0.4%.
 
This is really bullish set of employment figures from the US and has almost nailed on a December rate hike from the FED.  This is a point which has allowed been echoed by several FED Presidents who have spoken since the release of the figures.
 
The dollar has surged following the figures, with GBPUSD hitting the lowest levels since April.