Last time on the NFP
- Only 98K jobs were gained, around half the early expectations and half the average of around 200K
- The report included a downwards revision, which added insult to injury.
- Wages were up 0.2% m/m and 2.7%, as expected and in general healthy-looking
- Other: the unemployment rate dropped to 4.5% but without a drop in the participation rate at 63%.