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  • February Employment Report

    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. 

    Mar 8 2013