- Prior 130K revise to 126K
- nonfarm payroll -92K vs +50 9K estimate
- December was 48K. November was 41K
- Two month that revision:
- Unemployment rate 4.4% vs 4.3% expected. Prior month 4.3%.
- Average hourly earnings 0.4% versus 0.3% expected. Prior month 0.4%
- average hourly earnings YoY 3.8% versus 3.7% expected. Prior month 3.7%.
- Participation rate 62.0% versus 62.1% (revise from 62.5%)
- U6 unemployment rate 7.9% versus 8.1% (revised from 8.0%)
There was some weather. There was some strike effects of around -30K (which will come back).
This article was written by Greg Michalowski at investinglive.com.