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....
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Research Type: Commentary
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