jobs report
  • Prior was +177K
  • Two-month net revision: versus -58K prior
  • Unemployment rate: versus 4.2% expected
  • Prior unemployment rate: 4.2%
  • Unrounded unemployment rate: versus 4.1872% prior
  • Participation rate: versus 62.6% prior
  • Average hourly earnings (m/m): versus +0.3% expected and +0.2% prior
  • Average hourly earnings (y/y): versus +3.7% expected and +3.8% prior
  • Average weekly hours: versus 34.3 expected and 34.3 prior
  • Change in private payrolls: versus +120K expected and +167K prior
  • Change in manufacturing payrolls: versus -5K expected and -1K prior
  • Government jobs: versus +10K prior
  • Full-time jobs: versus +305K prior
  • Part-time jobs: versus +56K prior
  • Household survey vs +436K prior

USD/JPY was trading at 144.26 just ahead of the data and the market was pricing in 80 bps in easing in the year ahead.

nonfarm payrolls chart
Source: Forex Live