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Dec. Jobs Data Misses, Unemployment Rate Ticks Higher, Wages Rise
Normally, you'd probably want to focus first and foremost on how markets respond. Especially rates and FX.
But we live in strange times. The most important thing to watch in the wake of today's payrolls data is probably Donald Trump's Twitter feed. Let's see who gets "credit" for the Dec. miss.
U.S. Dec. Nonfarm Payrolls Rose 156k; Unemp. Rate at 4.7%
Nonfarm payrolls, net revisions, added 19k from prior two months
Participation rate 62.7% vs prior 62.6%
Avg. hourly earnings m/m 0.4%, est
I would be very interested to know just what the percentage is of part-time jobs are included that give us the 4.7% unemployed.
Mike: Charleston SC
I think you are looking for part time for economic reasons, it is back down a normal percentage these days.
https://www.bls.gov/news.release/empsit.t08.htm
“The number of persons employed part time for economic reasons (also referred to as involuntary part-time workers), at 5.6 million, was essentially unchanged in December but was down by 459,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)”