The monthly report from the US Bureau of Labor Statistics showed that in the past month, 49,000 jobs were created.
On the other hand, the unemployment rate fell to 6.3%, lower than the market expected – to be steady at 6.7%.
Even though the employment starter slowly to kick-off, the pandemic’s effects on the labor market are still present, with more than 10 million left jobless. During the same time last year, only 4.3 million people were without a job.
The markets are still waiting for the long-touted stimulus package after it turned out President Joe Biden and Republican Senators met this week to discuss the matter.
Sources: forexfactory.com, cnbc.com