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November non-farm payrolls +228K vs +195K expected — Forex Stock Trade

November non-farm payrolls +228K vs +195K expected

Highlights of the November 2017 non-farm payrolls report:

  • Before was 261K
  • The estimates range from +150 to +260K
  • Two-month net revision +3K
  • Private pay 221K vs +195K expected
  • Unemployment rate 4.1% vs 4.1% forecast (which remains at the lowest since 2001)
  • The Participation rate of 62.7% compared with 62.7% in the before
  • Under-employment rate (U6) 8.0% vs 7.9% before

Wages data

  • Average hourly earnings (m/m 0.2% vs. +0.3% in
  • Before avg hourly compensation 0.0% (revised from -0.1%)
  • The average hourly earnings y/y 2.5% vs. +2.7% expected
  • Before, the average hourly earnings y/y 2.4% (revised up to 2.3%)
  • The average weekly hours 34.5 vs 34.4 exp

It is all about the weakness of the data on wages, once again. The US dollar ticked lower on the news. I have another demonstration of how titles don’t matter as much as the wage growth (or lack thereof).

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