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.

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