WOW Us Non Farm Payroll Jump Up

US Non Farm Payroll data continued a positive trend during June based on a Labor Department report Friday at the start of the New York session. Signifying job growth continues to rise that can keep the momentum of expectation of Fed rate hike late in the year.
The US economy managed to add 222,000 new jobs over the June period, passing economists' expectations for a 175,000 increase and better than the revised May NFP rose 138,000 to 152,000
Meanwhile, the unemployment rate rose 0.1 percent from 4.3 percent - a 16-year low - to 4.4 percent on the back of a surge in new job seekers, mostly from a young age, a sign of increased confidence in the second-quarter US labor market in 2017.
Average weekly duration during the month of May rose to 34.5 hours from 34.4 hours, signaling a passion for the Uncle Sam Employment market where it will potentially encourage the Fed Central Bank to begin reducing its 4.2 trillion dollar mortgage-based mortgage-based bonds and securities at monthly FOMC meetings Next September.

Increase in Hourly Wages Below Expectations
The magnitude of the June NFP data published tonight, was not followed by the US hourly hourly wage trend that grew below expectations. Average Hourly Earnings in June rose 0.2 percent, slightly below expectations of 0.3 percent and the May period should be revised down from a 0.2 percent rise to 0.1 percent.
The condition of the US labor market that most economists consider "Full Employment" actually still tells a new issue. Because many entrepreneurs admitted to the difficulty of finding quality workers who impact on many sectors, let's say in the field of Property where the trend of US home construction continues to "red" in recent months caused by lack of skilled manpower.
After the release of positive NFP data, Greenback was observed to move higher versus major currencies such as Euro, Sterling and Yen. The Dollar Index (DXY) which measures the strength against six major currencies rose 0.26 percent to 96.05 at 20:16 pm.