US NFP: Strong job gains but weaker wage growth in Jan - Natixis
|Analysts at Natixis express their take on Friday’s US payrolls data, noting that the labour market report was unambiguously a good one.
Key Quotes:
“Today’s report is unambiguously a good one as total job gains increased by a solid 227K in January (after 157K in December).”
“In addition, even though the unemployment rate is now slightly higher (+0.1pt to 4.8%), the participation rate also increased (+0.2pts to 62.9%).”
“On the negative side, average hourly earnings were much weaker than expected (+0.1% MoM, 2.5% YoY).”
“In short, the pace of job creations is hefty while the unemployment rate is at its long term level.”
“Yet, the trend in wages is slower than previously thought which is consistent with the Fed remaining on hold at the March meeting.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.