[Moonman62]

The yield on the 10 year bond is already down 8 basis points this morning.

[LibLieSlayer]

According to abc news, JOBLESS CLAIMS fell unexpectedly and consumers spending increased unexpectedly. Jobless rate fell at the same time these jobs were cut. Some contradiction.

LLS

[jiggyboy]

I love government reports, it saves me a trip to the comedy club. These howlers are especially revealing of the statistical perfidy:

the unemployment rate held steady at 4.6 percent, mainly because hundreds of thousands of people left the work force for any number of reasons.

Employment in financial services was flat.

[rightinthemiddle]

Jeannine Aversa is a DNC hack.

[Fitzcarraldo]

The yield on the 10 year bond is already down 8 basis points this morning.

I thought bonds were a "slow and steady growth" investment option.

[montag813]

Alan Greenspan should be sent to Gitmo. It was he who hiked rates too much for too long. And it was he who urged Americans, in April 2004, to take out ARM loans for a “substantial savings”. We all see how THAT worked out. Send the old bastard to Gitmo right now.

[RightWhale]

$EU over 1.37
Gold over 700
Fuji apples still Crisp & Sweet

[monkeybrau]

4,000 is stark? I’ve worked for companies that layed off double that in a quarter. And it’s the first such decline in 4 years? Wow, talk about hunger to create bad news.

[B4Ranch]

....... and the market is down 206 points at this moment.

[B4Ranch]

Snowballing in August.

[CharlesWayneCT]

I doubt it mattered, but there HAS been some movement on cracking down on illegal immigrant employment.

Is it possible that with some companies replacing their illegals with legal employees, that the “employment” number won’t change, but that would give a place for unemployed people (who wouldn’t be illegals, as they couldn’t file for unemployment) to work, thus allowing the total jobs number to stay flat but still employ new people looking for work?

At some point, we expect to fill 2-4 million positions currently held by illegals with legal workers.

[Badeye]

‘The report was much weaker than economists were expecting. They were forecasting payrolls to grow by 110,000.’

I can’t help but laugh a bit at this comment.

For the previous seven months, ‘economists’ were wrong about payrolls GROWING.

[capitalist229]

Lower interest rates won't help, consumers have too much debt which must be paid down first. Lower rates will just kill the dollar and create inflation.

Payback is a b!tch.

BUMP

[MEGoody]

Employers sliced payrolls by 4,000 in August, the first drop in four years, a stark sign that a painful credit crunch that has unnerved Wall Street is putting a strain on the national economy.

Actually, it's a sign that kids started back to school in August.