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US Nonfarm Payrolls Miss Forecasts

Published 08/10/2015, 05:48 AM
Updated 07/09/2023, 06:31 AM

US nonfarm payrolls showed a job gains of 215,000 in July, missing analysts’ forecasts of 223,000. June’s reading was revise up to 231,000 from 223,000 and May’s reading was also revised up to 260,000 from 254,000.

Unemployment rate lingered at a seven-year low of 5.3 percent, coming in line with forecast. Average hourly earnings advanced 0.2 percent, following the flat reading in June.

As of 12:35 GMT, the dollar traded higher at 98.23 against a basket of major currencies, according to the dollar index.

The dollar gained as investors bet the data could prompt the Fed to raise interest rates in September.

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