Just 36K new jobs were created. That's well below expectations. The private sector only added 50K.
BUT! The employment rate fell to 9.0% which is remarkable. That compares to 9.4%.
Markets are still higher after the news. The market isn't buying the news.
There were some revisions two the last couple months that were positive:
The change in total nonfarm payroll employment for November was
revised from +71,000 to +93,000, and the change for December was
revised from +103,000 to +121,000. Monthly revisions result from
additional sample reports and the monthly recalculation of seasonal
factors. The annual benchmark process also contributed to these
The full report is here.
Background: No need for a grand exposition. Analysts are looking for around 146K, and a bit les than that on the private sector number.
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