According to the US Labor Department, nonfarm payrolls dropped by 54,000 in August, however, analysts anticipated sharper decline. The US jobless rate remains steady at 9.6%. The US dollar sharply dropped shortly after Bureau of Labor Statistics released a report. Employment in private-sector payroll surged by 67,000, - official figures show. For instance, in July 2010 overall payrolls declined by 131,000 and payrolls in private sector rose 71,000.
Average earnings per hour rose by 0.2% or 3 cents to $19.08 while experts had expected 0.1% surge. The average workweek remained unchanged at 34.2 hours.