FOREX-US dollar drops after huge number of jobs wiped out in 12-month period
ReutersSep 9, 2025 2:24 PM
NEW YORK, Sept 9 (Reuters) - The U.S. dollar fell against the yen on Tuesday after data showed the world's largest economy lost nearly a million jobs from April 2024 to March 2025, suggesting a far weaker labor market than what initial numbers showed in the 12-month period.
Data from the Bureau of Labor Statistics showed that the payrolls numbers were revised down by 911,000 jobs in the 12 months to March. A Reuters poll showed downward revisions of 598,000.
The dollar was last down 0.3% at 147.03 yen JPY=EBS. The dollar index slightly trimmed gains, and was last up 0.2% at 97.59 =USD.
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