Good morning. Happy Friday.
The market is closed today, but the employment numbers were released. For the sake of completeness (in case we want to look back in the future to see what the numbers were) here they are.
Here are the employment numbers…
unemployment rate: 5.5% (was 5.5% last month)
nonfarm payrolls: +126K (was +295K last month) – smallest gain since the end of 2013.
private payrolls:
average workweek: down 0.1 hours at 34.5 hours (was 34.5)
hourly wages: up 0.3% to $24.86 (was $24.78)
labor participation rate: dropped to 62.7% (was 62.8%)
February employment gains revised down from 295K to 264K.
January revised down 239K to 201K.
On the news, S&P futures dropped 20 points.