Breaking: US Nonfarm Payrolls rise by 235,000 in August, USD extends slide

FXStreet Team FXStreet

Nonfarm Payrolls (NFP) in the US rose by 235,000 in August, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed July's increase of 1.05 million but missed the market expectation of 750,000 by a wide margin.

Market reaction

With the initial market reaction, the USD came under strong bearish pressure and the US Dollar Index was last seen losing 0.25% on a daily basis at 91.98.

Follow our live coverage of the US jobs report and the market reaction.

Further details of the publication revealed that the Unemployment Rate edged lower to 5.2% from 5.4% as expected and the Labor Force Participation Rate remained unchanged at 61.7%. Finally, wage inflation, as measured by the Average Hourly Earnings, rose by 0.6% on a monthly basis, surpassing analysts' estimate of 0.3%.

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