The U.S. Department of Labor has released its May employment report.
Accordingly, employment in non-agricultural sectors in the country increased by 339 thousand people in May.
Non-farm employment data, which rose above market expectations, was expected to increase by 195,000 people in this period.
Increase in unemployment rate
The unemployment rate in the US rose to 3.7 percent in May. Market expectations were for the unemployment rate to be announced at 3.5 percent.
Unemployment rate was 3.4 percent in April.
On the other hand, hourly interests increased by 4.3 percent year-on-year in May. Markets had expected a 4.4 percent increase.
Source: Bloomberg HT