• Prior was +390K (revised to +384K)
  • Estimates ranged from +75K to +325K
  • Two month net revision K
  • Unemployment rate 3.5% vs 3.6% expected
  • Prior unemployment rate 3.6%
  • Participation rate 62.1% vs 62.2% prior (was 63.4% pre-pandemic)
  • U6 underemployment rate 6.7% vs 6.7% prior
  • Average hourly earnings +0.5% m/m vs +0.3% expected
  • Average hourly earnings +5.2% y/y vs +4.9% expected (prior 5.1%)
  • Average weekly hours 34.6 vs 34.5 expected
  • Change in private payrolls +471K vs +230K expected
  • Change in manufacturing payrolls +30K vs +17K expected