January Payrolls Beat, Unemployment Ticks Higher

January Payrolls Beat, Unemployment Ticks Higher

Looks like we're keying on hourly earnings miss. U.S. Jan. Nonfarm Payrolls Rose 227k; Unemp. Rate at 4.8% Nonfarm payrolls forecast est. 180k, range 140k-238k from 87 economists surveyed Participation rate 62.9% vs prior 62.7% Avg. hourly earnings 0.1% m/m, est. 0.3%, prior 0.2% Nonfarm private payrolls rose 237k vs prior 165k; est. 175k, range 150k-240k from 40 economists surveyed Manufacturing payrolls rose 5k after rising 11k in the prior month; economists estimated 5k, range -5k to 1
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