Week 6
Macro January payrolls showed a slowdown in job growth, a slight wage increase of 0.5% and an increase in the participation rate. Payrolls rose by 143K vs the expected 175K. Additionally, revisions to recent employment data showed that job gains were higher than initially reported: November’s increase was adjusted from 212,000 to 261,000 and December’s from 256,000 to 307,000, resulting in an extra 100,000 jobs over the two months. The…