Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July's increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000. 

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Further details of the publication revealed that the Unemployment Rate rose to 3.7% from 3.5%. The annual wage inflation, as measured by the Average Hourly Earnings, stayed unchanged at 5.2%, compared to the market expectation of 5.3%. Finally, the Labor Force Participation Rate improved to 62.4% from 62.1% in July.

Market reaction

The US Dollar Index edged lower with the initial reaction and was last seen losing 0.4% on the day at 109.18.