Details of the July 2016 US Non-farm payrolls data report 5 August 2016
Prior 287k. Revised to 292k
- Unemployment rate 4.9% vs 4.8% exp. Prior 4.9%
- Average hourly earnings 0.3% vs 0.2% exp m/m. Prior 0.1%
- 2.6% vs 2.6% exp y/y. Prior 2.6%
- Participation rate 62.8% vs 62.7% prior
- Underemployment 9.7% vs 9.6%
- Private payrolls 217k vs 170k ecp. Prior 265k. Revised to 259k
- Government payrolls 38k vs 22k prior. Revised to 33k
- Manufacturing payrolls 9k vs 4k exp. Prior 14k. Revised to 15k
- Two month net payroll revision 18k
A strong report. There's virtually nothing to dislike about the numbers. Good revisions, higher across all sectors, higher earnings on the month. The only negatives is the unemployment rate and underemployment, but that's to do with the participation rate.
As you can expect the buck has been boosted across the board but it's not looking healthy in USDJPY. We hit 101.56, a mere 50 odd pips higher but we're already down below 101.40.
EURUSD hit 1.1082 from around 1.1145. Cable's busted 1.3100 to 1.3071 but has bounced back above.
US NFP