Summary
- Previous month's data was 638,000
- The unemployment rate of 6.7% versus 6.8% expected
- The previous unemployment rate was 6.9%
- Participation rate 61.5% versus 61.7% expected
- Previous participation rate - 61.7%
If participation would have held steady, the unemployment rate would have risen 0.1 percentage point.
- Underemployment rate % versus 12.1% Previous
- Average hourly earnings +0.3% m-o-m versus +0.1% expected
- Average hourly earnings +4.4% y-o-y versus +4.2% expected
- Average weekly hours 34.8 versus 34.8 expected
- Two month net revision up by 11,000
- Change in private payrolls up by 344,000 versus 540,000 expected
- Change in manufacturing payrolls up by 27,000 versus 40,000 expected
- Government jobs -99K with 93K of those temporary census workers
- the number of long-term unemployed (those jobless for 27 weeks or more) increased by 385,000 to 3.9 million
The FX market isn't quite sure what to do with this. There's a touch of US dollar weakness but it's a mixed bag. USD/CAD is one spot where it's a bit more visible but that's because of the strong Canadian jobs report.
Reprinted from Forexlive，the copyright all reserved by the original author.
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