Non-Farm Payrolls Poor 151k, But Wages Up 0.5%

A mixed jobs report: job gains are poor with 151K but the unemployment rate is down to 4.9% and with a rise in the participation rate to 62.7%. Wages are surprisingly higher as well.

The U.S. dollar is strengthening after the initial slide.

The U.S. was officially expected to enjoy a gain of around 190K jobs in January 2016, yet official expectations may have been lower after the terrible and dollar-downing services sector report. The unemployment rate carried expectations of remaining at 5% while wages were predicted to advance by 0.3% m/m

The U.S. dollar managed to stabilize ahead of the release.

— lots more coming —

Data (updated)

Non-Farm Payrolls: TBA (exp. +190K, last 292K before revisions)

Participation Rate: TBA (62.6% last month )

Unemployment Rate:TBA (exp.5%, last month 5% before revisions)

Revisions: TBA (+50K last time)

Average Hourly Earnings: TBA (exp. +0.3% m/m, last month 0% m/m, 2.5% y/y)

Private Sector: TBA (ADP showed a nice 205K).

Real Unemployment Rate (U-6): TBA (previous: 9.9%).

Employment to population ratio: TBA (previous: 59.5%)

Average workweek: TBA (last month: 34.5).