Good ol US payroll data

[#1]

So the futures market would have us believe that US unemployment climbing higher than forecast - to 9%, is a positive thing. Amazing

[kwagga]

The drop because of the expectation already happend. Market is already looking past worst than expected figures.

[richardw]

The unemployment number is flaky because the 'pool' measuring 100% is very vague and changes as people decide they aren't actually looking for jobs anyway, or temp jobs are considered, or whatever. The supposed addition of 244k jobs compared to 180k is what's making everyone happy, especially after yesterday's number.