Non-farm payrolls increase by 49,000 in January, below expectations

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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.

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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%.

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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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