Friday, January 8, 2010

Non-Farm Payrolls

This mornings NFP (non-farm payroll) unemployment numbers were expected to be positive. Consensus was that the report would show an increase of 10,000 jobs. Tyler Durden reports that Stifel Nicholas argued there was a "strong chance of a +100k" increase that could even be as high as +316,000 due to seasonal factors. It is surprising therefore that this morning's NFP number came in at -85,000.