Monday | February 8, 2010

The headline U3 Unemployment Rate for January came in lower than expected at 9.7% vs. 10.0% surveyed and prior.    The Change in Nonfarm Payrolls was -20,000 vs. +15,000 expected and -150,000 prior.  The Change in Manufacturing Payrolls hit +11,000 vs. -20,000 expected and -23,000 prior.  Average Weekly Hours registered 33.9 vs. 33.8 prior.  The U6 Unemployment Rate, which is considered to be the most accurate measure of unemployment, dropped to 16.5% from 17.3%.

Consumer Credit was due out Friday afternoon and was expected to have fallen -$10.0 billion after the prior -$17.5 billion.