JOBS REPORT: 216K NEW JOBS, UNEMPLOYMENT FALLS TO 8.8%

The number:

218K is better than expectations, though not wildly so.

The unemployment rate did improve to 8.8%.

Private sector jobs nicely beat expectations with 230K.

Stocks are heading higher on the news.

Wages were down slightly.

U-6 down to 15.7%.

The full announcement is here.

Background: Here it is! No introduction needed!

The simple summary is this. Analysts are looking for around 185K new jobs, 203K+ new private sector jobs, and a headline unemployment rate of 8.8%.

Read more background here and here.

Markets are nicely higher on the news.

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