Discreet employment data in the United States

Official figures remain slightly below expectations regarding job creation and wage inflation, but the unemployment rate remains at a minimum of 50 years.

The United States economy generated a total of 145,000 jobs outside the agricultural sector in December (139,000 of them in the private sector), a lower figure than the market consensus (164,000) and far from what is estimated on Wednesday by the private consultant ADP (202,000).

In addition to this small skid in the total number of job creation in the last month of 2019, the market has also had to assimilate a downward correction of the definitive data for the month of November, from 266,000 to 256,000 new job positions. job.

In the same way, the figures published today by the Department of Labor of the US Government show that inflationary pressures in the economy slightly temper as wage trends slow down, whose monthly evolution, instead of rising one tenth to 0.3% in December, it contracts in the same proportion to show a testimonial advance of 0.1%.

Thus, the interannual evolution of the pay of American workers is contracted to a still notable 2.9%, instead of repeating in 3.1% as expected by the consensus of analysts.

On the contrary, as a more positive note, the unemployment rate remains at a minimum of 50 years by repeating one more month at 3.5%, some records that had not been seen since December 1969, with The participation rate (percentage of the working-age population that either has a job or is in active search) is also anchored for another month at 63.2%.

However, despite the fact that the final figures have fallen short of expectations, the impact on the financial markets has been limited to a small round-trip movement in the US dollar.

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