58k New Jobs Added in September. "HOORAY!" Shouted the 13.5 Million Unemployed

Stocks liked what they saw in September Non Farm Payrolls, it was essentially a net add of 58k jobs versus expectations of 60k.  But it didn’t fall off a cliff, private employment climbed (as gov jobs fell) and there were some upward revisions to previous months’ data…

From Reuters:

Employment grew more than expected in September and job gains for the prior months were revised higher, according to a government report on Friday that could ease fears the economy was heading into recession.

Nonfarm payrolls rose 103,000 the Labor Department said on Friday, while the unemployment rate held steady at 9.1 percent as an increase in household employment offset a rise in the participation rate.

Part of September’s relative strength reflected the return of 45,000 Verizon Communications workers who had dropped off payrolls in August due to a strike. Excluding those workers, payrolls increased by 58,000.

Futures up big on the news so, ya know, Activate the Dance Floor.

 

 

 

What's been said:

Discussions found on the web
  1. eatverts.com commented on Sep 21

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  2. pinewswire.net commented on Sep 22

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  3. Bitcoin Era Online commented on Sep 23

    … [Trackback]

    […] Here you will find 80040 more Info on that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  4. is blazing trader a scam? commented on Sep 28

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  5. pick & mix sweets commented on Sep 29

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  6. devops consultants commented on Nov 05

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  7. tangerine login website commented on Nov 29

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  8. replica watch commented on Dec 17

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  9. 안전공원 commented on Dec 24

    … [Trackback]

    […] There you will find 52730 additional Information on that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  10. rolex replica commented on Jan 14

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]

  11. Bose 141 Series II manuals commented on Jan 19

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2011/10/07/58k-new-jobs-added-in-september-hooray-shouted-the-13-5-million-unemployed/ […]