U.S. Adds More Jobs As Unemployment Back to 16 Year Low

Helmholtz Watson

USDCAD got momentum in a climb above yesterday’s high of 1.2618 – best level since July 19. Impressive given the Canadian jobs report was much strong +10.9K headline, unemployment rate fell to 6.3% from 6.5%; that’s the lowest since October 2008.

Standout is 35.1K full time jobs created with a net loss of 24.3K part time.