US nonfarm payroll rises by 73K versus 110 K estimate. Unemployment rate 4.2%

• Non-Farm Payrolls: 73K vs Est. 110k, Prior 147k revised lower to 14K (big revision)

• Private Payrolls: 83K vs Est. 100k, Prior 74k. Prior month revised to 3K

• Manufacturing Payrolls: -11K vs Est. -3k, Prior -7k. Prior month revised to -15 K

• Government Payrolls: -10 vs prior 73k revised to 11 K

• Unemployment Rate: 4.2% versus Est. 4.2%, Prior 4.1%

• Average Earnings MoM: 0.3% versus Est. 0.3%, Prior 0.2%

• Average Earnings YoY: 3.9% versus Est. 3.8%, Prior 3.7% revised to 3.8%

• Average Workweek Hours: 34.3 versus Est. 34.2, Prior 34.2

• Labor Force Participation Rate: 62.2% No Est, Prior 62.3%

• U6 Underemployment: 7.9% versus prior 7.7%

The data when you consider the revisions is much weaker than expectations. The big surprises the revisions from prior month which tumbled from 147K to 14 K. Recall the initial report had state and local government adding 73,000 jobs which was weird. That seems to have been not correct.

The initial reaction is the US stocks have maintained their declines.

This article was written by Greg Michalowski at investinglive.com.