GBP/USD falls sharply on strong US non-fram payroll data

By FXstreet.com | July 03, 2014 AAA

FXStreet (London) - The US Bureau of Labor Statistics announced that total non-farm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent. Job gains were widespread, led by employment growth in professional and business services, retail trade, food services and drinking places, and health care.



According to the BLS statistics, the unemployment rate declined by 0.2 percentage points to 6.1 percent. The number of unemployed persons decreased by 325,000 to 9.5 million. Over the year, the unemployment rate and the number of unemployed persons have declined by 1.4 percentage points and 2.3 million, respectively.



Over the past 3 months, job growth has averaged 272,000 per month.



GBP/USD fell sharply on the release, declining 0.26 percent to USD1.7119 from a session high at the open of USD1.7165.



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