06.11.2015 - Unemployment in the US has fallen to 5.0%
Today, was published a report on the labor market in the US in October, which was the key event of the week. Thus, the unemployment rate fell by 0.1% to 5.0%, in line with analysts' forecasts, but the number of non-farm payrolls increased by 271 thousand, which was almost two times more than in the previous month, when the figure was 137 thousand. Growth of wages by 0.4% against the expected 0.2% also pleased investors. As a result, confidence in the Federal Reserve raising interest rates in December, together with the expected further easing of monetary policy of the ECB after the meeting at the beginning of December, leads to a drop in the euro against the dollar with the target levels 1.0500 1.0000 and 0.9600 in the medium term.