November Jobs Report: Big Upside Surprise

From the New York Times:

The Labor Department reported Friday that the United States economy shed 11,000 jobs in November, and the unemployment rate fell to 10 percent, down from 10.2 percent in October.

Market was expecting a loss of like 125k or so.  There were also some revisions of September and October:

The government also significantly revised September and October numbers. September was adjusted to show a loss of 139,000 jobs instead of 219,000, and October 111,000 instead of 190,000.

S&P futures are rockin’ as of this post (9am)…

Source:

US Economy Lost Only 11,000 Jobs in November  (NYT)