U.S. Unemployment Rate published below expectationsDeltafx Admin 5 February 2023
The unemployment rate measures the percentage of the total labor force that was unemployed and actively looking for work in the past month.
A higher-than-expected number should be considered negative/bearish for the dollar, while a lower-than-expected number should be considered positive/bullish for the dollar.
The U.S. unemployment rate was released at 1:30 p.m. on February 3 at 3.4%, which was 0.2% lower than expected. It should also be noted that the figure of the last period of this index was 3.5%.
After the publication of this index below expectations, we saw the growth of the value of the dollar against other currencies.