Wow. This is a baaaad number. Well it's not really a number at all. 0. That's right 0.
No jobs were created. The second the number was reported, the S&P futures, which were at their session lows, dropped another 8 points and now are 21 points down at 1179. We should watch the 1185 level and than the 1150 level as key resistance. If we breach these levels we'll be dancing with our old friend 1120. Unemployment remained at 9.1% and government jobs fell by 17,000.
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