Details of the February 2015 US non farm payrolls data report

  • Prior 257k. Revised to 239k
  • Unemployment rate 5.5% vs 5.6% exp. Prior 5.7%
  • Average hourly earnings 0.1% vs 0.2% exp m/m. Prior 0.5%
  • 2.0% vs 2.2% exp y/y. Prior 2.2%
  • Average weekly hours 34.6 vs 34.6 exp. Prior 34.6
  • Participation rate 62.8% vs 62.9% prior
  • Private payrolls 288k vs 229k exp. Prior 267k revised to 237k
  • Manufacturing payrolls +7k vs -10k prior. Revised to +2k
  • Government payrolls 8k vs 12k exp. Prior 22k revised to 21k

Good on the headline, poor revision. Wages fall back which will take some of the steam out of the report. USD/JPY traded to 120.66, fell back to 120.35 and is now at 120.55

USD/JPY won't give up knocking at this 120.70 level as it's tried again and hit 120.72 before falling back to 120.60