Jobs Report

[James48843]

September non-farm payrolls down 95,000, slightly below (worse than) expectations.

Unemployment rate at 9.6% in September, slightly better than expected.


It's a wash.

 

[Birchtree]

Private sector jobs +64,000 with an August upward revision.

 

[Cortez]

Any news that assures that QE2 is still in play is good news for equities. A terrific jobs report probably would lead to a sell off as equity players would fear that they would not be getting the free money they are expecting from Benny.

 

[Birchtree]

We've now had nine straight months of adding business payrolls - see my thread.