Non-farm payrolls for February 2019 Prior was 304K (revised to +311K) Estimates ranged from 125K to 250K Two month net revision +12K Unemployment rate 3.8% vs 3.9% expected Participation rate 63.2% vs 63.2% prior Avg hourly earnings +0.4% vs +0.3% exp Avg hourly earnings 3.4% y/y vs +3.3% exp Private payrolls +25K vs +170K exp Manufacturing +4K vs +12K exp U6 underemployment 7.3% vs 8.1% prior
The details are better for the US dollar than the headline.