US Non-Farm Payroll report showed 145k in December, below expectation of 160k. Notable job gains occurred in retail trade (+41k) and health care (+28k), while mining lost jobs (-8k). Unemployment rate was unchanged at 3.5%, matched expectations. Labor force participation rate was unchanged at 63.2%. Average hourly earnings rose 0.1% mom, missed expectation of 0.3% mom.
