Nonfarm payrolls April 3, 2015:
- Prior 295K (revised to 264K)
- Two month net revision -69K
- Private payrolls 129K vs 235K exp
- Prior private payrolls 288K
- Unemployment rate 5.5% vs 5.5% prior
- Participation rate 62.7% vs 62.8% prior
- Underemployment rate 10.9% vs 11.0% prior
- Manufacturing payrolls -1K vs +10K exp
Dreadful number. The easy answer is the blame the weather, but the easy answer is always to blame the weather.
Non-farm payrolls lowest since Dec 2013
It's a moonshot in EUR/USD as it rips a full cent to 1.0989.
Similar US dollar declines right across the board as the likelihood of the June rate hike peels back.
