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The euro exchange rate against the dollar has increased significantly , in response , so the weak employment data in the U.S.. The Department of Labor reported that the number of people employed in the U.S. increased less than expected. It shows that before the temporary suspension of the U.S. government reduced the growth rate of the economy . Employment growth in September was 148,000 , while employment growth in August was revised up to 193,000 ( higher than originally reported) . The average score of economists before the data output stood at 179,000 . Thus, the data came out much worse than expected. It was also reported that the unemployment rate fell to a five-year low, 7.2% - the lowest since November 2008 This is better than expected at 7.3 %. The decrease in the unemployment rate due to the low proportion of the economically active population - 63.2 %, the lowest level since August 1978 . Note that the employment data had to go out on October 4 , but the temporary cessation of the government led to the release of the data transfer time .
Meanwhile, we add that to stop the dollar's decline could not even better than expected data on construction spending . The Ministry of Commerce reported that the seasonally adjusted construction spending rose in August by 0.6 percent, reaching at this annual level of $ 915.100 billion Economists had expected spending to increase by about 0.4 percent. In addition, the data showed that construction spending in July was revised up to show growth of 1.4 percent, compared with an increase of 0.6 percent , which was originally reported growth. Add that to the upward revision index for July and further growth in August , the annual growth in construction costs rose to the highest level since April 2009
The Canadian dollar rose against the U.S. dollar, which has been associated with the release of U.S. data on employment and Canadian retail sales data .
At Statistics Canada said that Canadian retail sales growth slowed in August compared to the previous month amid weak demand for new cars and a reduction in income
Retail sales rose 0.2% to 40.32 billion Canadian dollars ( $ 39.14 billion ) and were slightly below market expectations of 0.3 % growth for the month. In addition , the data in July were revised downward - Retail sales rose by 0.5 % compared with a preliminary estimate of a 0.6% gain . Compared to the same period in the previous year the retail sales rose 2.7%. Excluding sector of vehicles and auto parts, in August retail sales rose by 0.4 % compared with July and reached 30.95 billion Canadian dollars. In volume terms, retail sales rose by 0.2 %. Sales of food and beverages in stores accounted for the largest increase in dollar terms among the 11 sectors . These sales were up 1.2% to C $ 8.96 billion Canadian dollars. Clothing sales rose 1.9 % to 2.29 billion Canadian dollars.
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