Details from the December 2015 US Non farm payrolls data report 8 January 2015

  • Prior 211k. Revised to 252k
  • Unemployment rate 5.0% vs 5.0% exp. Prior 5.0%
  • Average weekly earnings 0.0% vs 0.2% exp m/m. Prior 0.2%
  • 2.5% vs 2.7% exp y/y. Prior 2.3%
  • Average workweek hours 34.5 vs 34.5 exp. Prior 34.5
  • Participation rate 62.6% vs 62.5% prior
  • Private payrolls 275k vs 195k exp. Prior 197k revised to 240k
  • Manufacturing payrolls +8k vs -2k exp. Prior -1k. Revised to +2k
  • Government payrolls 17k vs 14k prior. Revised to 12k
  • U6 Underemployment rate 9.9% vs 9.9% prior
  • Change in household employment 485.0 vs 244.0 prior. Revised to 247.0
  • Two month net revisions +50k

The headline is good but wages aren't. That's going to take some steam out of any dollar rally.

Revisions have come out up a good chunk too

The participation rate is likely to have kept the unemployment rate unchanged

It's yet another good solid report on the main news but still with much more to do beneath the surface. That's where the improvement is needed to see the Fed act again

USDJPY visits an old friend at 118.80, topping out at 118.83. 118.58 we trade as I type

US Non-farm payrolls