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BREAKING: strong NFP, markets like weaker wages

2:32 PM 6 January 2023
  • NFP +223k, consensus was +200k
  • Unemployment Rate 3.5%, consensus 3.7%, previous 3.6% (revised from 3.7%)
  • Annual Wage Growth 4.6%, consensus 5%, prior 4.8 (revised from 5.1%)

 

Initial reaction sees EURUSD and US100 recovering. NFP was strong but weaker wages can be seen as some sort of a relief.  Please remember that post NFP reactions can be volatile and the situation may change, especially after the Wall Street opens in 1 hours’ time.      

Iinitial reacion is positive, although very volatile

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