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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Number of US non-farm jobs grew to 1,371 million

September, 04 2020
watermark Economic news

According to the US Bureau of Labor Statistics, an additional 1.371 million nonfarm jobs were created in the US economy in August. These figures are in line with analysts' expectations and are confirmation of the gradual recovery of the economy after the fall in the second quarter of the year.


The number of jobs in the private sector increased by 1.027 million, more than double the data from the ADP released on Wednesday (an increase of only 428 thousand). However, the latest data was below expectations for a 1.20 million job growth.


The total number of employed people increased by about 238 thousand, which is associated with hiring for the 2020 census.


The unemployment rate fell more sharply than expected to 8.4% after 10.2% in July.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.