Commentary on non-farm payrolls

Sireen Harajli, currency strategist at Mizuho

"I don't think that the payrolls report really changes the picture much."

Scott Brown,chief economist for Raymond James

"It's a very strong job market overall... There's a further tightening in labor market conditions. Wage pressures are certainly building, and we should continue to see further upward pressure this year."

Kate Warne, investment strategist at Edward Jones

"Hourly earnings up 2.9 percent on a year over year basis... It suggests the labor market really is tightening and there aren't a lot of workers coming into the job market as a result of continued solid gains in jobs. That is tied to inflation which does say expect the Fed to be more likely to make three moves rather than two"

Art Hogan, chief market strategist at Wunderlich Securities

"When you look at the monthly numbers there's always going to be volatility. What we really look for is are wages going up. I'm very pleased with the wages number today. The initial reaction is going to be positive."

Scott Clemons, chief investment strategist at Brown Brothers Harriman:

"The most important thing is the growth in average hourly earnings, the best since 2009... It provides further evidence - I actually think the final piece of evidence - the Fed needs to conclude the labor market has recovered, mission accomplished, giving them the green light to accelerate interest rate increases."

Craig Dismuke, chief economist at Vining Sparks

"Retailers hired more people earlier than expected so the headline number coming in bit weaker than expected in December was not a surprise. There might be more slack in the labor market than what the Fed expects."

Mark Vickery, Senior Editor at Zacks Investment Research

"With President Trump taking over the White House two weeks from today, and his rallying cry of bringing more manufacturing and construction jobs to the U.S., we may see a new trend emerging. It's unclear that, even if his most aggressive jobs-producing initiatives are passed by Congress right away, we will see results manifest in near-term BLS reports."

Michael Temple, director of fixed income credit research at Pioneer Investments

"I was a little bit surprised. I thought we would have a more robust jobs growth number. I would have expected, given the strong retail season as well as the pickup that we're seeing in the energy patch activity, to have seen a stronger number, but the market seems to have shrugged it off and focused on the U6 rate as well as the increase in wage inflation."

Read more of their comments here.