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Friday, July 06, 2007

Employment Situation Data in U.S.

Some important macroeconomic data was released in U.S. today - employment situation in June from the Bureau of Labor Statistics. As it was expected by the financial analysts, the overall unemployment rate in June remained on 4.5% level - which is quite low and is a good indicator for the U.S. economy. Non-farm payrolls in June reached 132,000 which is 7,00 higher than the experts' estimations. May non-farm payrolls were also revised towards the better side - 190,000 from 157,000. Average hourly earnings came out at 0.3% level (as expected), but May data was revised from 0.3% to 0.4%. Overall, this is a good news for the U.S. economics and dollar as well. The Forex market isn't playing this data yet (or it won't) - EUR/USD returned to its 1.3600-1.3650 range, and no serious movement can be seen.

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