ECON: NFP Mostly As-Expected, U/E 0.1 Pct Higher, Big Revisions
- NFP 157k vs 160k Consensus
- Private Payrolls +166 vs +165 Consensus
- U/E 7.9 vs 7.8 Consensus
- Revisions: DEC from 155 to 196k, NOV from 151 to 247k
- Reaction has been choppy, mostly in the Green, but recently back toward unchanged (possibly revision digestion, or indigestion for bond markets). This leaves some room for the rest of the day's data to have an impact.
Total nonfarm payroll employment increased by 157,000 in January, and the unemployment
rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics
reported today. Retail trade, construction, health care, and wholesale trade added jobs
over the month.