January Employment Report has just been released. The report provides lots of data.Â Here are the numbers that matter.
Non-farm Private Payrolls 158KÂ vs. 190K consensus and 170K whisper number
Unemployment rate 4.9% vs. 5% consensus and 5% whisper number
Average earningsÂ 0.5% vs. 0.3% consensus and 0.0% whisper number
Number of jobs created is less than the consensus but unemployment rate and earnings are better than the consensus.Â Hence the confusion.