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Intraday Economic News: September Payrolls Gain 103,000 Jobs Oct 11 Product Image

Intraday Economic News: September Payrolls Gain 103,000 Jobs Oct 11

  • ID: 1932035
  • October 2011
  • Standard & Poors

Abstract
Payrolls gained 103,000 jobs in September, which was about twice consensus expectations. Although the Verizon workers coming back to work added 45,000 jobs, it comes after both August and July were sharply revised upward, to 57,000 new jobs (was flat) and 127,000 new jobs (was up 85,000), respectively. The unemployment rate held at 9.1%. The report came in much better than expectations, to help reduce double-dip fears and give stock prices a lift today....

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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