Details from the February 2016 US non farm payrolls data report 4 March 2016
– . Revised to 172k
– Unemployment rate 4.9% vs 4.9% exp. Prior 4.9%
– Average weekly earnings -0.1% vs 0.2% exp m/m. Prior 0.5%
The headline jump and that drop in the (I might have got a little turned around on the work week hours. A rise alongside a gain in wages usually signals a tightening, while the opposite can mean that there’s greater capacity), is what’s helping lessen the drop in wages. Add the participation and U6 into the bullish report sentiment too.