Financial news from Fibo Group

USA: unemployment falls - people return to work

The American labour market unexpectedly recovered in May:
• Unemployment: 13.3% (19.8% expected)
• New jobs: +2.5 million (-8 million was expected).
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These labour market improvements reflect the limited resumption of economic activity that was curtailed in March and April due to the coronavirus pandemic (COVID-19). The dollar reacts to this event neutrally.
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