2025-12-16 13:30:00
- September was 119K
- October was -105K (just released)
- Unemployment rate 4.6% vs 4.4% expected
- Prior unemployment rate 4.4%
- Participation rate 62.5% vs 62.4% prior
- U6 underemployment rate 8.7% vs 8.0% prior
- Average hourly earnings +0.1% m/m vs +0.3% expected
- Average hourly earnings +3.5% y/y vs +3.6% expected
- Average weekly hours 34.3 vs 34.2 expected
- Change in private payrolls +69K vs +45K expected
- Change in manufacturing payrolls -5K vs -5K expected
- Government payrolls -5K vs +22K in September
The market was pricing in a 48% chance of a March cut before the report. USD/JPY was trading at 154.65 before the data and S&P 500 futures were down 8 points.
This article was written by Adam Button at investinglive.com.
