A poor headline but one that could have been much much worse. That averages 94k for the two months which is 100k below the yearly average.
Construction saw a come back posting 48k after being stumbled by the weather and the largest increase since Dec 2012. Manufacturing tacked o 21k and a sixth straight month of gains. Retail lost for the first time since March shedding 13k.
The market is going to pull the weather routine on these figure and while it’s not overly a disaster we’ll need to see next months to see if we are falling into a trend of weaker jobs growth.
USd/JPY has recovered to 102 after the drop to 101.47 and there’s some risk on coming in as both the euro and pound stay elevated but off the release highs. EUR/USD jumped t0 1.3642 while cable pushed up towards 1.64 touching 1.6391