A bitter disappointment from the US jobs report: only 142K jobs gained. In addition, the revisions are to the downside, to 136K. Wages remained unchanged. It’s all negative. The unemployment rate remains 5.1%. Participation is at 62.4%. Y/y wages are at 2.2% unchanged.
USD is sold very heavily as this is a terrible report almost on all fronts. EUR/USD jumps over 100 pips. .
Read the rest of the article Non-Farm Payrolls only 142K, negative revisions, flat wages – USD Dives