Friday, October 2, 2009

Unemployment Rises to 9.8%: Just The Facts

As reported by Goldman Sachs yesterday, but with numbers only released to the puiblic officially today, unemployment rose to 9.8% with the official non-farm payroll numbers just released at 8:30AM. However, you saw here on September 29 that the number of online ads are an indication of unemployment numbers, ahead of time as well, so it is a practical way to get news ahead of time. Stocks, and gold, are dipping on the news.

The spinners will try to spin and massage this news in every possibly way. Here are just the facts. Please take a look at the actual versus expected M/M change.

(please click to enlarge)

The source is econoday.

Should be a good day for those straddles.

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