March Nonfarm Payrolls - 4/4/15

Job gain of just 126K in March

• March Nonfarm Payrolls: +126K vs. consensus +245K, +264K previous (revised from 295K).
• Unemployment rate: 5.5% vs. 5.5% consensus, 5.5% previous.
•  
  More on jobs miss: Revisions slice 69K from previous numbers
  • In addition to the miss on jobs in March (126K added vs. estimates for 245K), February's gain of 295K was revised lower to 264K, and January's 239K gain was cut to 201K - total downward revisions of 69K. Over the last three months, job gains have averaged 197K per month.
  • The  average workweek slipped 0.1 hour to 34.5 hours. Average hourly earnings rose $0.07 to $24.86. Year-over-year, they're higher by 2.1%.
  • The labor force participation rate slipped to 62.7% in March from 62.8% previously. A year ago it was 63.2%.
  • The broader U-6 unemployment rte fell to 10.9% in March from 11%. One year ago it was 12.6%.
  • Previously: Job gain of just 126K in March (April 3)

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December Nonfarm Payrolls - 1/9/15

Unemployment rate tumbles to 5.6%

• December Nonfarm Payrolls: +252K vs. consensus +230K, +353K previous (revised from 321K).
• Unemployment rate: 5.6% vs. 5.7% consensus, 5.8% previous.

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October Nonfarm Payrolls - 11/7/14

• October Nonfarm Payrolls: +214K vs. consensus +231K, +256K previous (revised from 248K).
• Unemployment rate: 5.8% vs. 5.9% consensus, 5.9% previous.

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September Nonfarm Payrolls -10/3/14

Unemployment rate falls to 5.9%

• September Nonfarm Payrolls: +248K vs. consensus +210K, +180K previous (revised from 142K).
• Unemployment rate: 5.9% vs. 6.1% consensus, 6.1% previous.

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August Nonfarm Payrolls - 9/5/14

Just 142K jobs added in August; UE rate to 6.1%

• August Nonfarm Payrolls: +142K vs. consensus +225K, +212K previous (revised from 209K).
• Unemployment rate: 6.2% vs. 6.1% consensus, 6.2% previous.

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June Nonfarm Payrolls - 7/3/14

Jobs gain of 288K; UE rate down to 6.1%

• June Nonfarm Payrolls: +288K vs. consensus +212K, +224K previous (revised from 217K).
• Unemployment rate: 6.1% vs. 6.3% consensus, 6.3% previous.

• Initial Jobless Claims: +2K to 315K vs. 314K consensus, 313K prior (revised from 312K).
• Continuing claims +11K to 2.57M.

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April Nonfarm Payrolls - 5/2/14

• April Nonfarm Payrolls: +288K vs. consensus +210K, +203K previous (revised from 192K).
• Unemployment rate: 6.3% vs. 6.6% consensus, 6.7% previous.

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March Nonfarm Payrolls - 4/4/14

192K jobs gain in March about inline

• March Nonfarm Payrolls: +192K vs. consensus +200K, +197K previous (revised from 175K).
• Unemployment rate: 6.7% vs. 6.6% consensus, 6.7% previous.

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February Nonfarm Payrolls - 2/7/14

Job gains of 175K beat forecasts; UE rate up to 6.7%

• February Nonfarm Payrolls: +175K vs. consensus +154K, +129K previous (revised from 113K).
• Unemployment rate: 6.7% vs. 6.6% consensus, 6.6% previous.

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January Nonfarm Payrolls - 2/7/14

U.S. payrolls up 113K, unemployment rate at 6.6%

• January Nonfarm Payrolls: +113K vs. consensus +181K, +74K previous.
• Unemployment rate 6.6% vs. 6.7% consensus, 6.7% previous.

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November Nonfarm Payrolls -12/6/13

Job gains of 203K; unemployment dives to 7%

• November Nonfarm Payrolls: +203K vs. consensus +180K, +200K previous (revised from 204K).
• Unemployment rate 7.0% vs. 7.2% consensus, 7.3% previous.

• Oct Personal Income and Outlays: Income -0.1% m/m vs. +0.3% expected, +0.5% prior (revised).
• Personal spending +0.3% m/m vs. +0.3% expected, +0.2% prior (revised).

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October Nonfarm Payrolls -11/8/13

Big beat on jobs with gain of 204K

• October Nonfarm Payrolls: +204K vs. consensus +120K, 163K previous (revised from 148K).
• Unemployment rate 7.3% vs. 7.3% consensus, 7.2% previous.

Bonds plummet following strong jobs report

Stock futures slip and bond yields spike higher following the big jobs number beat. In addition to the 204K gain in October, August and September revisions added another 60K jobs.

On the downside, the labor force participation rate whooshed down to 62.8% from 63.2%.

The average workweek is unchanged at 34.4 hours and average hourly earnings edged up $0.02 to $24.10.

SPY -0.2%, TLT -1.3% premarket, and the 10-year yield spikes 12 bps to 2.72%.

S&P ETFs: SPY, SH, SSO, SDS, IVV, SPXU, UPRO, VOO, RSP, RWL, EPS, BXUB, TRND, SFLA, BXUC, BXDB

Treasury ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, ZROZ, TLH, SBND, DLBS, VGLT, UBT, TLO, LBND, FSA, TYBS, TENZ, DLBL

 

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August Nonfarm Payrolls misses estimates -9/6/13

August Nonfarm Payrolls misses estimates

• August Nonfarm Payrolls: +169K vs. consensus +180K, +104K previous (revised down from +162K).
• Unemployment rate 7.3% vs. 7.4% consensus, 7.4% previous.

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July Nonfarm Payrolls -8/2/13

July Nonfarm Payrolls +162K, unemployment rate 7.4%

• July Nonfarm Payrolls: +162K vs. consensus +175K, +188K previous (revised from +195K).
• Unemployment rate 7.4% vs. consensus 7.5%, 7.6% previous.

• The July jobs numbers are in. Headline unemployment ticks down to its lowest level since 2008, even as payrolls come in light.
• Labor force participation rate is 63.4%.
• Average workweek is slightly lower to 34.4 hours.
• Average hourly earnings fall $0.02 to $23.98, up 1.9% Y/Y.
• U-6 unemployment falls to 14% from 14.3% in June.

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March Nonfarm Payrolls -4/5/13

March Nonfarm Payrolls: +88K vs. consensus +190K, 268K previous (revised from +236K). Unemployment rate 7.6% vs. consensus 7.7%, 7.7% previous

More on Nonfarm payrolls: January and February payrolls are revised higher by a combined 61K, taking some of the sting out of the big headline miss. Average workweek +0.1 to 34.6 hours. Average hourly earnings little-changed at $23.82. The labor force participation rate slides to 63.3% (lowest since 1979) from 63.5% - there's your headline unemployment rate decline

S&P 500 (SPY) futures -1.3% following the big miss for Nonfarm Payrolls. Treasury prices soar, the long bond up a full point and a half. TLT +2%. Crude oil tumbles, USO -1.5%, and gold flies, GLD +1% 

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February Nonfarm Payrolls - 3/8/13

February Nonfarm Payrolls: +236K vs. consensus +160K, 119K previous (revised from +157K). Unemployment rate 7.7% vs. consensus 7.9%, 7.9% previous.

More on Nonfarm Payrolls: Revisions to December (up) and January (down) subtract a net 15K jobs. Average hourly workweek +0.1 to 34.5 hours. Average hourly earnings +$0.04 to $23.82. Labor force participation rate declines 0.1 to 63.5%. Government loses 10K jobs. Construction (i.e., housing) gains 48K jobs, the largest print in 6 years 

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December Nonfarm Payrolls - 1/4/13

December Nonfarm Payrolls: +155K vs. consensus +150K, 161K previous (revised from 146K). Unemployment rate 7.8% vs. consensus 7.7%, 7.8% previous (revised from 7.7%).

More on Nonfarm Payrolls: The 155K gain comes entirely from the private sector, which added 168K jobs. Government continues to shed positions, -13K for the month, bringing Q4's total government job losses to 89K 

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November Nonfarm Payrolls - 12/7/12

November Nonfarm Payrolls: +146K vs. consensus +93K, October revised to +138K from +171K. Unemployment rate 7.7% vs. consensus 7.9%, 7.9% previous.

More on Nonfarm payrolls: The guts aren't as pretty as the headline. Revisions downward to the Sept. and Oct. numbers total 49K, about equal to the 53K beat. The improvement in the unemployment rate comes as the labor force participation rate falls to 63.6% from 63.8. The employment-population ratio falls to 58.7% from 58.8%. The average workweek is flat at 34.4 hours

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September Nonfarm Payrolls - 10/5/12

September Nonfarm Payrolls: +114K vs. consensus +115K, +181K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous.

More on Nonfarm Payrolls: The big surprise is the major revision upward (86K) in jobs for July and August. Average workweek up 0.1 to 34.5 hours. Average hourly earnings up $0.07 to $23.58 (Y/Y gain of 1.8%). The household survey shows a big jump, +873K jobs after 3 months of essentially no gains

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August Nonfarm Payrolls - 9/7/12

August Nonfarm Payrolls: +96K vs. consensus +125K, prior +163K. Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous

More on Nonfarm Payrolls: June's job gains are revised down as well, putting the 2-month negative revision to -41K. Labor force participation rate falls to 63.5% from 63.7% in July (there's your headline UE decline), and from 64.1% a year ago. Average workweek is unchanged at 34.4 hours. July's average workweek is revised down to 34.4 hours

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