US non farm payrolls and jobs data for April 2015
- Prior 126k. Revised to 85k
- Unemployment rate 5.4% vs 5.4% exp. Prior 5.5%
- Avg hourly earnings 0.1% vs 0.2% exp. Prior 0.3%
- Avg work week 34.5 hours vs 34.5 exp. Prior 34.5
- Participation rate 62.8% vs 62.7% prior
- Private payrolls 213k vs 220k exp. Prior 129k. Revised to 94k
- Manufacturing +1k vs +5k exp. Prior -1k. Revised to 0
- Government +10k vs -3k prior. Revised to -9k
A bounce back could overshadow the much worse revision to 85k for last month. The market wants to know where we're at now not the in past
That revision is what has taken the price down to 119.60 but back up to 120.00. On the face of it the slightly weaker earnings number keeps inflation watchers waiting.
Overall it's an ok, return to trend number and the buck may see some second wind relief buying
