Tue, Jan 31, 2023 @ 16:56 GMT
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Non-farm payroll and wage growth missed expectations, unemployment rate dropped to lowest since 2000

US non-farm payrolls rose 164k in April, below expectation of 194k. Prior month’s figure was revised up from 103k to 135k.

Unemployment rate dropped to 3.9% , down from 4.1% and beat expectation of 4.0%. That’s the lowest level since the end of 2000.

Average hourly earnings rose 0.1% mom only, below expectation of 0.2% mom.

Notable buying is seen in the Japan yen after the report, with USD/JPY driving to as low as 108.65 so far. But Dollar is steady against Euro, Swiss, Sterling, Aussie and Canadian, in tight range.

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