-- OCT PAYROLLS RISE 204,000, JOBLESS RATE REMAINS AT 7.3%
-- REVISIONS IMPROVE 60,000 JOBS FROM LAST TWO MONTHS
-- PARTICIPATION RATE IN U.S. FALLS AGAIN
>> PARTICIPATION RATE IN U.S. FELL IN AUG. TO 62.8% FROM 63.2%
-- BLS ADVISING THE SHUTDOWN HAD NO IMPACT ON REPORT
-- PRIVATE PAYROLLS RISE BY 212,000, MANU JOBS CLIMB 19,000
-- AVERAGE HOURLY EARNINGS FOR ALL U.S. WORKERS RISE 0.1%
Hard to ignore or poke holes in the strength in these numbers. Asset prices across the board are under pressure right now. The dollar is weaker, S&P futures are off 7.20, and mortgage are getting hit hard. Right now FNMA 3.5 are off nearly a point. Will follow-up on this soon.