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Friday, September 3, 2010

September 3

data:
NFP down just 54k, vs expectations of -105k, and past month revised to just -54k also, from previous # of -131k; manufacturing payrolls down (despite what ISM employment indicator suggested) but private payrolls up 57k

unemployment rate rose a touch to 9.6%, as expected; unemployment was up, it wasn't up as much as the labor force; the employment-population ratio rose a touch to 58.5

ISM Non-Manufacturing fell more than expected, to 51.5 from 54.3

ECRI WLI fell to 120.6 and its growth rate to -10.1



other fare:
we can't reliably predict tomorrow's weather, but we're forecasting 2012.

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