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The Trade: How to play the jobs report

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The January jobs report Friday missed expectations. How can investors trade the number using history as a guide?

The U.S. economy created 151,000 jobs in January versus the Wall Street consensus of 190,000. The data will now be a crucial factor in how the Federal Reserve guides the market's expectations on the future path of rate hikes.

Using hedge fund analytics tool Kensho, CNBC Pro screened for which securities do well when the jobs report beats or misses consensus by 5,000 over the past decade.

Here is what we found.