Friday, April 4, 2008
Jobs Report Worse Than Expected - Futures Up
The Jobs Report is out with a 5.1% unemployment rate and a loss of 80,000 jobs worse than the estimate of 5.0% and job loss of 40,000 jobs. And you guessed it the futures are up in pre-market trading!
I discussed street reaction in detail in my audio commentary last night covering this as one of the possiblilities of a worse than expected report with a positive reaction. It will be interesting to see how the cash markets open and trade this morning.
Stay tuned for more...
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