The U.S. Department of Labor has recently published an unemployment report. The report says that the rate of unemployment in the world’s biggest economy reached the lowest level since 2008 in October 2015. In particular, the rate shrank from 5,1% down to 5%. It should also be noted that the actual figures matched the estimates.
On top of that, October happened to be the month of the biggest monthly growth of new jobs seen this year. In particular, the amount of new jobs created last month reached 271 000. This outpaced the estimates of 185 000. At the same time, we remind you that the previous report indicating the amount of new jobs in September was revised and downgraded from 142 000 down to 137 000.
The private sector showed a record-breaking increase over the same reporting period (October 2015). The amount of new jobs reached 268 000 against the estimates of 169 000. The revised September report showed 149 000 new jobs.
FOREX
Masterforex-V academy reports that the U.S. Dollar has been rallying against other majors within the scope of a long-term uptrend. More specifically, the USD index is trading close to 99,46. The closest target us the area of the 100,78 high. You can expect a tendency change only after the price has broken below the bottom of the ascending MF sloping channel and MF pivot 93,85.
