Payrolls climbed by 151,000 last month following a 275,000 gain in July that was larger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey called for 180,000. The jobless rate and labor participation rate held steady, while wage gains moderated and hours worked were the lowest since 2014.
The deficit declined to $39.5 billion, 11.6 percent lower than June's $44.7 billion deficit, the Commerce Department reported Friday. Imports dropped 0.8 percent to $225.8 billion, reflecting in part lower oil imports. Exports climbed 1.9 percent to $186.3 billion, the highest level since last September, led by increased sales of American farm products.
Gold jumped 1 per cent to $1,325.11 an ounce after a report on Friday showed that the US economy created fewer than expected jobs in August, prompting the dollar to fall and dampening expectations of a rate rise by the Federal Reserve as early as this month.
Next Trading Day's Important Events
- 05:30 (GMT 3) BoJ governor speaking
- USDJPY: 103.64
- EURUSD: 1.1199
- S&P 500: 2,170.87
- NASDAQ : 5,227.21