Interest rates and the dollar upwards by strong statistics – Private Businesses

The number of people employed outside the agricultural sector in the US grew by 280,000 people in May.

The unemployment rate was 5.5 percent, compared with unrevised 5.4 percent the month before.

Analysts expected that employment would have risen by 226,000 persons compared with the month before, and that unemployment would reach 5.4 percent, according to Bloomberg News forecast average.

Net revision for the previous two months were +32000. In April, employment rose by revised 221,000 (+223,000) and in March with revised 119,000 (+85,000).

Employment in the private sector increased by 262,000 people in May, was expected +220,000. In April, employment in the private sector with a revised 206,000 people (+213,000).

The average hourly wage rose 0.3 percent in May. Analysts had expected an increase of 0.2 percent. In April, the average hourly earnings with revised 0.1 percent.

Dollar and interest rates up

The dollar initially strengthened considerably after a stronger-than-expected jobs report for May while US interest rates rise significantly.

About 10 minutes after the statistics were listed on US ten-year government bond yield 8 basis points up to 2.42 percent. The two-year interest rate rose while 7 basis points to 0.73 percent.

The dollar strengthened to 1: 108 against the euro, compared with 1: 122 just before the statistics. Against the yen, the dollar strengthened to 125: 70 from 124: 70th