February Employment ReportMar 8 2013
Change in Nonfarm Payrolls + 236k vs. 165k
Change in Private Payrolls +246k vs. 170k
Change in Manu Payrolls +14k vs. 9k
Unemployment Rate 7.7 % vs. 7.9%
Avg Hourly Earning MOM .2 % vs. .2%
Avg Weekly Hours 34.5 vs. 34.4
Overall very strong report and the initial knee-jerk reaction has rates heading higher and MBS prices. 10yr just printed a new high of 2.07% and a move toward 2.25% seems imminent now. Fannie 3s are off nearly ½ point since the report. Stock futures are pointing higher with DOW up 42 points here.