DJI <link back> Dow priced in 180,000 new jobs in Jan - report just out today, Yahoo: 8:33AM S&P futures vs fair value: -8.90. Nasdaq futures vs fair value: -11.50. (WRAPX) : The S&P 500 futures fell to lows following a below-consensus nonfarm payrolls report. Futures on the S&P 500 currently trade nine points below fair value.
January nonfarm payrolls came in at 113,000 while the Briefing.com consensus expected a reading of 175,000. Nonfarm private payrolls added 142,000 against the 161,000 expected by the consensus. The unemployment rate fell to 6.6% while the consensus expected a reading of 6.7%.
Hourly earnings increased 0.2%, in-line with expectations. The average workweek was reported at 34.4 against the 34.5 expected by the consensus."
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