US October Nonfarm Payrolls (NFP): 165K vs. 70K forecast; previous 29K, revised to 60K.
- Private Payrolls: 159K vs. 65K forecast and 46K previously.
- Manufacturing Payrolls: 19K vs. 7K forecast and 9K previously.
- Unemployment Rate: 4.1% vs. 4.2% forecast and 4.2% previously.
- Average Hourly Earnings YoY: 3.1% vs. 2.9% forecast and 3.0% previously.
- Average Hourly Earnings MoM: 0.4% vs. 0.3% forecast and 0.1% previously.
- Labor Force Participation Rate: 61.9% vs. 61.8% forecast and 61.8% previously.
- Average Workweek: 34.4 hours vs. 34.4 forecast and 34.4 previously.
The US dollar reacted with gains after the hawkish US data, while 10-year Treasury yields are up almost 6 bps today, reaching almost 4.9%
Source: xStation5
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