The US employment report It was not in line with what had been the labor market indicators in other reports and showed figures that were mostly below expectations, which generated a decline in dollar.
Nonfarm payrolls increased 49,000, down from the market consensus 50,000. In any case, a positive surprise was expected due to what the ADP report, the PMI indicators and the unemployment benefit requests report had shown.
Another negative aspect was that December numbers were revised down from -140,000 to -227,000.
The unemployment rate It unexpectedly fell from 6.7% to 6.1%, which is an even more positive aspect considering that the labor participation rate fell only from 61.5% to 61.4%.
The hourly income on average they rose 0.2% in January, less than the 0.3% expected. Compared to a year ago, they rose 5.4%.
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