The U.S. economy lost 663.000 jobs in March pushing the unemployment rate to 8.5 percent, the highest level in more than 25 years, the U.S. Bureau of Labor Statistics said today in Washington. March was the 15th consecutive month with job losses and the U.S. economy has now lost more than 5 million jobs since the financial crisis erupted in late 2007. The U.S. dollar exchange rate seems to be reacting positively to the job figures. Still, price action often reverses after a news release since investor’s expectations are already discounted on exchange rates.
[Non-Farm Payrolls](http://www.tradingeconomics.com/Economics/Non-Farm-Payrolls.aspx?Symbol=USD)
[Unemployment Rate across the World](http://www.tradingeconomics.com/World-Economy/Maps.aspx) [Unemployment Rate Ranking](http://www.tradingeconomics.com/World-Economy/Maps.aspx) (Major Currencies)
Source: tradingeconomics.com
Antonio Sousa is a Chief Strategist for DailyFX.com at FXCM in New York City where he performs global economics research and develops systematic trading strategies. To contact him please e-mail <[email protected]>.