A mixed jobs report: job gains are poor with 151K but the unemployment rate is down to 4.9% and with a rise in the participation rate to 62.7%. Wages are surprisingly higher as well.
The U.S. dollar is strengthening after the initial slide.
The U.S. was officially expected to enjoy a gain of around 190K jobs in January 2016, yet official expectations may have been lower after the terrible and dollar-downing services sector report. The unemployment rate carried expectations of remaining at 5% while wages were predicted to advance by 0.3% m/m
The U.S. dollar managed to stabilize ahead of the release.
— lots more coming —
Data (updated)
- Non-Farm Payrolls: TBA (exp. +190K, last 292K before revisions)
- Participation Rate: TBA (62.6% last month )
- Unemployment Rate:TBA (exp.5%, last month 5% before revisions)
- Revisions: TBA (+50K last time)
- Average Hourly Earnings: TBA (exp. +0.3% m/m, last month 0% m/m, 2.5% y/y)
- Private Sector: TBA (ADP showed a nice 205K).
- Real Unemployment Rate (U-6): TBA (previous: 9.9%).
- Employment to population ratio: TBA (previous: 59.5%)
- Average workweek: TBA (last month: 34.5).
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