US Nonfarm Payrolls Surge, Unemployment Rate Down to 8.3%
Change in Nonfarm Payrolls: Survey: 140K Actual: 243K Prior: 200K Revision: 203K
Change in Private Payrolls: Survey: 160K Actual: 257K Prior: 212K Revised: 220K
Change in Manufacturing Payrolls: Survey: 13K Actual: 50K Prior: 23K Revised: 32K
Unemployment Rate: Survey: 8.5% Actual: 8.3% Prior: 8.5%
Avg Hourly Earning (MoM) All Emp: Survey: 0.2% Actual: 0.2% Prior: 0.2%
Avg Weekly Hours All Employees: Survey: 34.4 Actual: 34.5 Prior: 34.4
US Jobless rate drops to February of 2009
China’s Industrial Profits YTD
China’s Industrial Profits for 2011 on a year over year basis rose 25.4% versus the prior increase of 24.4%.
China Sets Yuan Reference Rate @ 6.3102
China Non-Manufacturing PMI
China’s Non-Manufacturing PMI in January came in at 52.9 softer than the prior reading of 56.0. The market had a muted reaction to this release with risk trading a touch lower
UK Lloyd’s Business Baromoter
The Lloyd’s Business Barometer in January improved to -11 from a -23 reading the prior month. Sterling has traded to the bottom of its January bullish channel today and a break lower could moved the pair back toward the middle of the 1.55 handle.
Aussie AIG Performance of Services Index
The Aussie AIG Performance of Services Index in January rose to an expansionary 51.9 from 49 the prior month.
EU’s Rehn on the Wires
Says:
- Euro governance to be determined this year
- Closer economic union to complement monetary union
- Recession to be ‘much nastier’ if crisis not resolved
- EU going through a ‘mild recession’
- EU undertaking reformation of Europe’
- Portugal making ‘good progress’ on fiscal reforms
- Greek PSI agreement by the end of the week
- Greece must make ‘decisive progress’ on reforms
Jobless Claims Data Improves
Jobless Claims: Survey: 371K Actual: 367K Prior: 377K Revised: 379K
Continuing Claims: Survey: 3535K Actual: 3437K Prior:3554K Revised: 3567K
EUR/USD moves higher on the news
Nonfarm Productivity: Survey: 0.8% Actual: 0.7% Prior: 2.3% Revised: 1.9%
Unit Labor Costs: Survey: 0.8% Actual: 1.2% Prior: -2.5% Revised: -2.1%


