Friday, May 3, 2013

Here are the employment numbers, positive report

Here are the employment numbers…

unemployment rate: 7.5% (was 7.6% last month)
nonfarm payrolls: +165K
private payrolls:
average workweek: down 0.2 hours to 34.4
hourly wages: up 4 cents to $23.87

February and March were revised up a combined 124K.  What stands out are the revisions to the past data, that is a positive report and the market obviously likes it!

On the news S&P futures jumped about 12 points and is testing the R2 pivot on ES, and likewise gold is down, Crude oil is up and copper is way up.  We'll how it opens and if it strengthens or weakens on the gap.  

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