The
U.S. jobs report released on Friday showed that American employers added jobs a
more than forecast jobs in July, while the unemployment rate retreated, where
the figures reflected signs of recovery from the impact of the Covid-19 on the
labor market.   

Analysts
predicted a job creation of 1.53 million, compared to the actual reading of 1.76
million added jobs, while the previous reading of 4.8 million jobs added was revised
to 4.79 million job-gain.

The
unemployment rate retreated from 11.1 percent to 10.2 percent, compared to
analysts’ projections of 10.5 percent.   

The
average hourly earnings soared 0.2 percent last month after a 1.3 percent decrease
in June, compared to estimates of 0.5 percent drop. The annual earnings growth reached
4.8 percent from a previous of 4.9 percent.

Data
released on Thursday showed that initial jobless claims came in at 1.19
million, which is the lowest figure since March
.  

The dollar index,
which tracks the movements of the green currency versus a basket of major
currencies, continued to trade higher at 93.07, as of 12:42 GMT. 

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