In the Asian session on Saturday (May 6), the latest price of the U.S. dollar index was 101.28, and the opening price was 101.44. Data show that the U.S. unemployment rate in April this year was at the same level as in January, the lowest level since May 1969, with 5.7 million unemployed people. The labor force participation rate remained unchanged at 62.6% for the month.
The latest jobs data helped ease fears of a possible U.S. recession, but signaled that the Federal Reserve will take more time to tame inflation. Analysts believe that although the significant decline in the number of new jobs created in the previous two months showed a cooling trend in the US economy, the unemployment rate and average hourly wages of employees showed that the US labor market was still very tight.
