Nonfarm Payrolls: -85.000

January 8th, 2010 by Belisarius

Well, I was wrong. Nonfarm payrolls for December were reported at -85.000 vs 10.000 consensus and 4.000 the month before (revised up 15.000). Unemployment rate was unchanged at 10.0%. Average hourly earnings was up 0.2% vs. 0.1% consensus and 0.1% in November. Average workweek was unchanged at 33.2 hours. A negative surprise.

Weak negative reaction from the markets.

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