Unexpectedly few new jobs in the USA – the dollar is pressured

Fewer new jobs were created in the USA than expected in February. And the January figure is being revised downwards. For the dollar – which has taken a real beating in the turbulence surrounding the Trump administration's tariffs – Friday's job figures were yet another cold shower.

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Unexpectedly few new jobs in the USA – the dollar is pressured
Photo: Charles Krupa AP/TT

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The dollar fell immediately after Friday's job figures, nearly five öre against the krona, down to 10.06 kronor per dollar before recovering a few öre.

Long-term market rates in the USA were shaken, but then continued to fall in line with recent developments.

In futures trading ahead of Friday's trading on Wall Street, the report pointed to a slightly higher opening.

The figures from the US Department of Labor show that 151,000 new jobs were created outside the agricultural sector in the USA in February.

Analysts had on average expected 160,000 new jobs to be created in February, up from revised 125,000 jobs in January, according to the news agency Bloomberg.

The report also shows that unemployment in February rose to 4.1 percent. Analysts had expected an unchanged 4.0 percent.

Hourly wages rose by 0.3 percent compared to the previous month, giving an annual increase of 4.0 percent. This was slightly lower than expected.

Earlier in the week, the payroll administrator ADP reported an unexpectedly weak job figure for February for the private sector.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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