Nonfarm Payrolls: -85.000

Well, I was wrong. Nonfarm payrolls for December were reported at -85.000 vs 10.000 consensus and 4.000 the month before (revised up 15.000). Unemployment rate was unchanged at 10.0%. Average hourly earnings was up 0.2% vs. 0.1% consensus and 0.1% in November. Average workweek was unchanged at 33.2 hours. A negative surprise.

Weak negative reaction from the markets.

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This entry was posted on Friday, January 8th, 2010 at 8:38 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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