Jobs report is below expectations but NOT a disaster.....
Headline expectations job loss of 65K ....actual job loss of 131K
Headline expectations of private job growth 100K...actual job growth of 71K
Unemployment rate expectations 9.6%...actual 9.5%
Overall below ..BUT market will focus on 71K job growth which is sequentially much better...
By close we should be more than OK......
BLOG does NOT give buy or sell.
Saleem
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