September was 119KOctober was -105K (just released)Unemployment rate 4.6% vs 4.4% expectedPrior unemployment rate 4.4%Participation rate 62.5% vs 62.4% priorU6 underemployment rate 8.7% vs 8.0% priorAverage hourly earnings +0.1% m/m vs +0.3% expectedAverage hourly earnings +3.5% y/y vs +3.6% expectedAverage weekly hours 34.3 vs 34.2 expectedChange in private payrolls +69K vs +45K expectedChange in manufacturing payrolls -5K vs -5K expectedGovernment payrolls -5K vs +22K in September
The market was pricing in a 48% chance of a March cut before the report. USD/JPY was trading at 154.65 before the data and S&P 500 futures were down 8 points.
This article was written by Adam Button at investinglive.com.