U.S Jobs report data

Nov 7^th 2014

 The investors attentions turned today to main important data from the U.S economy

*U.S. non-farm payrolls 214K vs. 231K forecast

The US Labor department showed in its monthly report of October that the non-farm payrolls recorded 214,000, which is lower than the analysts expectations (231,000), and lower then the September reading of (241,000)

Following the release of this negative data, the US Dollar index retreated against the Euro and other major rivals, while the Gold futures extended gains after jobs data.

*Unemployment Rate 5.8 % vs 5.9 %

On the other hand, the unemployment rate showed a positive data

The unemployment rate declined to 5.8%, which is the lowest level in 6 years, and reflects another healthy increase in hiring that refers to a firm U.S economic growth. Accordingly, the US Dollar index, despite the slight retreat, it remains strong.

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