US Nonfarm Payrolls Surge, Unemployment Rate Down to 8.3%

Change in Nonfarm Payrolls:   Survey:  140K     Actual:  243K    Prior:  200K      Revision: 203K

Change in Private Payrolls:  Survey: 160K    Actual: 257K     Prior:  212K     Revised: 220K

Change in Manufacturing Payrolls:  Survey: 13K   Actual:  50K   Prior:  23K     Revised:  32K

Unemployment Rate:  Survey:  8.5%     Actual: 8.3%     Prior:  8.5%      

Avg Hourly Earning (MoM) All Emp:    Survey:  0.2%     Actual: 0.2%      Prior:  0.2%         

Avg Weekly Hours All Employees:    Survey:  34.4      Actual: 34.5         Prior:  34.4

US Jobless rate drops to February of 2009

Bobbys Corner-Open Market-December.2.2011

Good Morning:

Many traders stayed on the sidelines ahead of this morning’s US employment data.

In Euro Zone news- German Chancellor Merkel commented that joint Euro Bonds are are not the way to solve the debt crisis.  She also agreed that the ECB should not be the lender of last resort for the Euro Zone.
Chancellor Merkel stated that  the crisis will take years to clean up and get the region’s finances back on track.
Continued talks between the ECB and IMF will hopefully result in some shared responsibility by both parties.
Merkel and French President Sarkozy will meet ahead of the European summit next week-as these 2 countries have the most to lose from a Euro breakup-or any disconnect in the Euro Zone. 

This morning’s Us employment data is expected to have NFP increase by 125K-but many are calling for over 200K.  These additions will unlikely put a dent the overall unemployment picture.

HAVE A GREAT DAY-WEEKEND & GOOD LUCK

Unemployment Moves Lower to 9.0% , Nonfarm & Private Payrolls Weaker with Strong Revisions

Change in Nonfarm Payrolls:   Survey:  95K     Actual:  80K    Prior:  103K      Revision: 158K

Change in Private Payrolls:  Survey: 125K    Actual: 104K     Prior:  137K     Revised: 191K

Change in Manufacturing Payrolls:  Survey: 2K   Actual:  5K   Prior:  -13K     Revised: -3K

Unemployment Rate:  Survey:  9.1%     Actual:  9.0%     Prior:  9.1%      

Avg Hourly Earning (MoM) All Emp:    Survey:  0.2%     Actual: 0.2%      Prior:  0.2%         

Avg Weekly Hours All Employees:    Survey:  34.3      Actual: 34.3            Prior:  34.3

Nonfarm Payroll Data Expected Under 100K

Bobbys Corner-Open Market-Oct.7.2011

Good Morning:

With speculation growing that the banking sector  in the European Union will get the financial support they need to keep their operations running smoothly,  kept the Euro in positive territory this week.  With the ECB reintroducing yearlong loans along with resuming the purchasing of covered bonds should help the banks continue their ability to lend funds.

The Non Farm payroll data that is expected to be released at 8:30 AM this morning should show an increase of 55K , as the private sector is expected to show an increase of 90K.  The unemployment rate is expected to remain at 9.1%.  With no change last month-any sign of growth will be a welcome sign to the marketplace.
The lack of confidence by both consumers and businesses has been curtailing hiring and spending accross the board.

World equity markets were higher, and US Futures are slightly lower this morning.

HAVE A GREAT DAY-WEEKEND & GOOD LUCK

Eurozone Unemployment Slight Rise, Year over Year CPI Stays the Same

EUR Unemployment:  Survey:  9.9%   Actual: 10.0%    Prior:  9.9%   Revised: 10.0%

July vs June 2011 (Measured in %)
Belgium: 17.6 vs 18.1
Bulgaria: 27.0 vs 27.2
Czech Republic: 16.2 vs 16.7
Denmark: n/a vs 13.7
Germany: 9.5 vs 9.4
Estonia: n/a vs 21.8
Ireland: 28.3 vs 28.0
Greece: n/a vs n/a
Spain: 46.2 vs 45.7
France: 23.4 vs 23.1
Italy: 27.6 vs 27.9
Cyprus: n/a vs 19.6
Latvia: n/a vs n/a
Lithuania: n/a vs 33.1
Luxembourg: 13.3 vs 12.3
Hungary: 23.9 vs 24.6
Malta: 12.4 vs 12.3
Netherlands: 7.5 vs 7.1
Austria: 7.8 vs 7.8
Poland: 23.7 vs 24.3
Portugal: 27.2 vs 28.3
Romania: n/a vs 0.0
Slovenia: n/a vs 18.6
Slovakia: 32.9 vs 33.1
Finland: 20.4 vs 20.3
Sweeden: 21.6 vs 22.9
UK: n/a vs n/a

EUR CPI(YoY):  Survey: 2.50%   Actual: 2.50%    Prior: 2.50%

Eurozone Unemployment & CPI Data Due at 5AM

German Unemployment Slightly Falls, Unemployment Rate Unchanged

Unemployment Change:   Survey: -10K   Actual: -8K    Prior: -11K   Revised:  -10K

Unemployment Rate:    Survey: 7.0%  Actual:  7.0%    Prior: 7.0%

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