. Unexpectedly, the report issued by the United States Bureau of Labor Statistics just a moment ago showed that 467 thousand jobs were added in January, compared to the addition of 199 thousand jobs in December, and much better than market expectations, which indicated the creation of jobs below the 100 thousand jobs.

On the other hand, the unemployment rate rose by about 0.1% to 4.0%, while expectations indicated its stability at the December reading of 3.9%, coinciding with the increase in the labor force participation rates at 62.2% in January.

The hourly wage rate, in turn, rose in January to 0.7% at a monthly pace from 0.5%, while it rose to 5.7% on an annual basis, compared to 4.7%, exceeding expectations that indicated a rise to 4.8%.

In the details of the sectors, the commodity production sector added about four thousand jobs, while the construction sector lost 5 thousand jobs, and the manufacturing sector added about 13 thousand jobs.

The US dollar is recording strong gains after the data was announced, and it is now trading an hour before the US markets open at 95.60 levels, up by 0.30%.

The Canadian economy is losing 200,000 jobs

On the other hand, the Canadian economy lost about 200 thousand jobs in January, 1% less than the December reading and less than expectations that showed the loss of only 121 thousand jobs, and unemployment rates rose to 6.5% from 5.9% (expectations at 6.3%), as the Canadian economy was affected by health measures Which took place in Canada between January 9-15 and thus closed restaurants, bars, concert halls and gyms.

The Canadian dollar is retreating strongly after the data, affected by the negative data and affected by the rises of the US dollar, and it is trading at 1.2760 levels, down more than 80 points.