US Dollar falls amid disappointing non-farm payroll report
The US dollar has taken a plunge following a disappointing non-farm payroll report.
The much-awaited non-farm payroll report was released by the Bureau of Labor Statistics in the United States of America less than thirty minutes ago.
The figures came out rather disappointingly as they fell well below the 550 thousand new job additions expected.
The US economy, on the other hand, added only 210 thousand jobs in November, the fewest since a payroll decline in December 2020.
Even though the figures were way below expectations, the numbers still reflected the job market’s recovery amid a massive demand for workers.
Consequently, non-farm payrolls remained 3.9 million jobs below their pre-pandemic high, as employers continued to report difficulties in hiring and retaining workers.
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