- prior 165k Revised to 149k
- Unemployment rate 7.6% vs 7.5% exp. Prior 7.5%
- Average earnings 0.0% vs 0.2% exp. Prior 0.2%
- Average hours worked 34.5 vs 34.5 exp. Prior 34.4
Payrolls up but so is unemployment rate. That’s countered by a rise in participation rate to 63.4% from 63.3%.
At any other time this report would be fairly moderate on the vol scale. Watch the price actions. If 95.50 goes we could see it crumble again.
There’s also downward revisions on last months figures.
- Private payrolls 178k vs 180k exp. Prior 176k. Revised to 157k
- Manufacturing payrolls -8k vs +3k exp
- Gov payrolls -3k vs -11k prior
