Update: Two Trillion Dollars and what do you get? Market Mover Friday: Monthly jobs numbers…

Update: Courtesy of Instapundit. LOL!!!

By Sineater6609

More Updates at end of post

Breaking: Here come the numbers- Hampton Pearson CNBC –

September Non farm payrolls decline -263,000 WAY ABOVE CONSENSUS

August nonfarm payrolls revised another 13,000 down

September unemployment rate is 9.8% worst since June 83 when it was 10.1%

avg hourly earnings rise 0.1%

15.1 million people now unemployed

5.4 million out of work 6 months or more

Here is a nugget Hours Worked FELL to 33.0 from 33.1, recall the pundits say oh well hours go up before hiring kicks in, yeah well that aint happenin folks…

Equities futures tripled down, from -30 to -90, Treasury yields dropping

Look at these revisions!

July nonfarm payroll losses revised to down 304,000 from originally reported loss of 276,000

30 minutes to the monthly jobs report release:

Expectations from DJ newswires survey:

nonfarm payrolls decline of 175k expected

UE rate of 9.8% expected

avg hourly earnings expected to rise 0.1%

* Styx courtesy of CMB101892

UPDATE 1:

CNBC now has it up, more details:

(…) Manufacturing employment fell by 51,000 in September, while construction industries payrolls dropped. The service-providing sector cut 147,000 workers in September, while goods-producing industries shed 116,000 positions.

Education and health services added a mere 3,000 jobs, while government employment fell 53,000….

See THAT is the price paid for mucking about in health services, we WERE GROWING JOBS THERE until TOTUS put his feet all over it!! And if they get this Baucus bill through and the states face the Medicaid expansion then the government jobs will REALLY fall off a cliff…

Look at this little gem:

Preliminary annual benchmark revisions, released together with September’s employment report showed that total non-farm payroll employment for March would have to be revised down about 824,000.

October 2, 2009. Tags: , , , . Economy, Labor Department, Obama Administration, Politics, Unemployment Statistics, Wall St. Comments off.

Update: Much lower than expected DOW futures up sharply over 100…Market Mover Friday: May Jobs Report release 8:30 am EST…

Breaking….

Unemployment rate is 9.4%, highest since August 83, 14.5 million people unemployed

Smaller than expected 345,000 jobs lost in May…. WELL below estimate of 500k, something is verry wrong with this number, revisions will be pure hell next month, I call BS..The 10 yr is on a tear now, yield just hit 3.86, this does not help the Fed…hey take good news where we can I guess, but I dont believe it….Oil just crossed 70 bucks…

See CNBC I have a date with a laser this morning, autoposts for the day…TGIF!

Mrs. MiM is having surgery this morning so she can add Six Million Dollar man vision to her Jamie Sommers like hearing, go to CNBC.com here for the job figures when they are released..Auto posts for the next few days…TGIF

CNBC Stock Market Insider:

…The May employment report, released at 8:30 a.m. Friday, is expected to show a reduction of another 525,000 non-farm payrolls last month, and an unemployment rate of 9.2 percent. If there were new jobs last month, they were added by the government, which hired 60,000 census workers in April.

As bad as it is, this could be the best showing in six months. “Anecdotally, firms are saying things are still really bad but not as bad as the first part of the year. It looks like the worst of it occurred in the first quarter. It’s really a question of how these numbers taper off in the next few months,” said Stephen Stanley, chief economist at RBS Greenwich Capital….

By leathertuskadero

June 5, 2009. Tags: , , , , , . Labor Department, Unemployment Statistics, Wall St. Comments off.

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