- Non-farm payrolls: +200k vs. +148k prev.
- Private payrolls: +196k vs. prev. +146k)
- Manufacturing payrolls: +15k vs. prev. +25k
- Unemployment rate: +4.1% vs. prev. +4.1%
- Average hourly earnings: +0.34% m/m, +2.9% y/y vs. prev. +0.4% m/m, +2.7% y/y
- Workweek hours: 34.3 vs. prev. 34.5 – -0.2
- U.S 10-year yield: +2.83%
U.S employers added +200,000 jobs in January (employers added an average of +181k a month in 2017).
Construction, manufacturing and restaurants had strong job growth, while Government payrolls grew by +4k last month.
Strong back-month revisions for average hourly earning and headline job prints – Dec payrolls revised to +160k and Nov revised to +216k
Average hourly earnings rose +0.34% from Dec following an upwardly revised +0.4% gain. Year-over-year, it was +2.9% compared with projections for a +2.6% increase. December’s gain was revised upward to +2.7%.
USD (€1.2455, £1.4165, ¥110.33, C$1.2361) is better bid across the board, while the 10-year yield has backed up to +2.834% as wage growth is starting to accelerate.
. Construction, manufacturing and restaurants had strong job growth, while Government payrolls grew by +4k last month. Strong back-month revisions for average hourly earning and headline job prints – Dec payrolls revised to +160k and Nov revised to +216k ){kind=link}