Participation Rate increased from 62.5% to 62.6%. The report missed estimates as analysts expected that it would grow to 62.7%. Average Weekly Hours remained unchanged at 34.3, while Average Hourly Earnings grew by 0.3% on a month-over-month basis.
Treasury yields moved lower as bond traders reacted to the Non Farm Payrolls data. Currently, the yield of 2-year Treasuries is trying to settle below 4.63%, while the yield of 10-year Treasuries tests the 4.30% level. Traders focus on rising Unemployment Rate and bet on a less hawkish Fed.
U.S. Dollar Index pulled back below the 105.00 level after the release of the Non Farm Payrolls report. The revision of the previous report, which showed that U.S. economy created less jobs than previously expected, served as an additional negative catalyst for the American currency.
