- Revisions to December and January don't amount to much, so we can call the 235K jobs added in February a modest beat over the 200K expected.
- Average workweek was unchanged at 34.4 hours.
- Average hourly earnings up $0.06 to $26.09; up 2.8% on a Y/Y basis.
- Construction employment was the big mover in February, with 58K jobs added.
- Headline unemployment dipped to 4.7% from 4.8% even as the labor force participation rate edged higher to 63%. The broader U-6 unemployment rate fell to 9.2% from 9.4%. One year ago, it was 9.8%.
- Treasury yields are active since the report hit, with the 10-year currently flat at 2.605%. TLT -0.1%, TBT +0.2% premarket. The news is surely not going to move the Fed off of its near-promise to hike rates next week.
- The dollar (UUP, UDN) has turned modestly lower, as has gold (NYSEARCA:GLD).
- U.S. stock index futures (SPY, QQQ, DIA) have all added to gains, now up 0.45% across the board.
- Previously: Job gain of 235K tops estimates; UE rate drops to 4.7% (March 10)