The US job growth has slowed | 06 January 2023

06 January 2023, EUR/USD

The US job growth has slowed

EURUSD trading plan:

U.S. private payrolls increased more than expected in December, pointing to still-strong demand for labor despite higher interest rates. Private employment increased by 235,000 jobs last month, the ADP National Employment report showed. Data for November was unrevised to show 127,000 jobs added. Though job growth has slowed amid higher borrowing costs, the labor market remains tight. BLS data showed there were 10.458 million job openings at the end of November, which translated to 1.74 jobs for every unemployed person.

Investment idea: range 1.0480 -1.0580

David Johnson
Analyst of «FreshForex» company
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