After previously reporting significantly weakened GDP numbers, further question marks have been raised around the American economy and the impact of President Donald Trump's trade war.
However, on the labor market, the effect that market actors feared did not materialize. The new job figure can be compared to the revised 185,000 new jobs outside the agricultural sector the previous month, a marginal deterioration thus. The figure was also significantly better than analysts on average had expected (138,000 new jobs).
The labor market figure is traditionally seen as providing a hint about the strength of the American economy and therefore affects how the central bank handles the interest rate going forward, which in turn affects the stock market climate.
Following today's announcement, the New York stock exchange is also rising in futures trading, while the American dollar strengthened against other currencies. The next interest rate announcement from the American central bank will be announced next week.
