NFP Report

The NFP report came in higher than expected showing that the jobs market may be showing some tepid signs of stabilization.  The number was 103K which was greater than the 59K expected.  Manufacturing showed signs of weakness along with government hiring (so much for the Democrats and their ever increasing government).  The unemployment rate came in unchanged at 9.1% but U6 came in higher at 16.5% which means that there are a lot of people out there who are not employed or are underemployed at the moment which indicates that the economy is far from out of the woods yet.