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US dollar falls after jobs report

Published by Global Banking & Finance Review

Posted on December 6, 2024

1 min read

· Last updated: January 27, 2026

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US Dollar Declines Following November Jobs Report

NEW YORK (Reuters) - The U.S. dollar fell on Friday after data showed the unemployment rate edged higher in November even though jobs increased more than expected last month.

The unemployment rate climbed to 4.2% after holding at 4.1% for two straight months, data showed. Nonfarm payrolls, however, increased by 227,000 jobs last month after rising an upwardly revised 36,000 in October.

The dollar briefly fell below 150 yen after the data and was last flat at 150.12. The euro, on the other hand, climbed to a three-week peak following the report. It last traded up 0.1% at $1.0597

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

Key Takeaways

  • US dollar fell after November jobs report.
  • Unemployment rate increased to 4.2%.
  • Nonfarm payrolls rose by 227,000 jobs.
  • Dollar briefly fell below 150 yen.
  • Euro climbed to a three-week high.

Frequently Asked Questions

What is the main topic?
The article discusses the fall of the US dollar following the release of the November jobs report, highlighting changes in unemployment and payrolls.
How did the euro react to the report?
The euro climbed to a three-week peak, trading up 0.1% at $1.0597 after the report.
What was the unemployment rate in November?
The unemployment rate in November increased to 4.2% from 4.1%.

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