Global Macro Perspectives
Nonfarm payrolls rose 192.000 in January; Consensus was at 196.000; January reading was an increase of 63.000 (revised +27.000). The unemployment was reported at 8.9% vs. prior reading of 9.0% and consensus of 9.1%.
Private payrolls were up 222.000 vs. 200.000 consensus and 68.000 reading in January (revised +18.000).
Positive report.
*** The Big Picture: Sam Zell to Carl Quintanilla: BULLSHIT! ***
*** The Big Picture: Headline of the Day: Greenspan Says Government ‘Activism’ Hampering U.S. Recovery ***
*** The Big Picture: NFP: Likely Improvement May Lead to End of QE, ZIRP ***
*** The Big Picture: Chart of the Day: Components of the Gasoline Price ***
*** FT Alphaville: The global economy is critically ill ***
*** FT Alphaville: Mean-reverting US government bonds ***
U.S. railroads originated 296,252 carloads, up 2.1% compared with the same week in 2010 and down 3.1% compared with 5-year average. Week over week change was -0.2%.