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Market preview: Stock futures erase early losses after the strong jobs report; S&P benchmark...

Market preview: Stock futures erase early losses after the strong jobs report; S&P benchmark +0.1%. Asian markets surged overnight, and European bourses are up slightly. The dollar is mostly higher so far, crude oil is up, and gold is down. Later today: pending home sales, consumer credit.
Comments (6)
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    Strong jobs? 99 weeks of unemployment will do that people! Look for more of these 'strong' jobs reports as unemployment benefits expire for more and more.
    5 Nov 2010, 09:19 AM Reply Like
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    Births/Deaths adds 61K vs 11K last month. Spectacularly convenient.
    5 Nov 2010, 09:20 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2207) | Send Message
     
    It was a terrible report. Participation rate continues to decline as well as employed to population ratio.

     

    www.zerohedge.com/site...
    5 Nov 2010, 09:24 AM Reply Like
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    You beat me to it!
    5 Nov 2010, 09:25 AM Reply Like
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    From ZeroHedge:

     

    People Who "Want A Job Now" Jumps To Second Highest Ever As Persons Not In Labor Force Reaches Record

     

    www.zerohedge.com/arti...
    5 Nov 2010, 09:24 AM Reply Like
  • Retired User
    , contributor
    Comments (1803) | Send Message
     
    Labor force participation 64.5% implies unemployment rate of 11.6% [Zero Hedge]
    5 Nov 2010, 09:28 AM Reply Like
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