Another head scratcher...please recall there are actually 2 surveys released today - one impacts the unemployment rate (household survey) while the other is the headline number.

The headline figure of +103K is not very good considering expectations but the household figure showed a decline of about half a million people who are unemployed hence the much followed unemployed rate dropped from 9.8% to 9.4%.  This was 9.6% 2 months ago.  Still looking into reason for the half million drop.

U6 fell back down to 16.7% but really no long term progress on that one.

Workweek flat.  Average hourly earnings up 0.1%.

November was not revised up that much...thought it would spike higher on a revision.  Up to 71K from 39K but it shows the folly in our knee jerk reactions  as speculators since whatever is said today will change in a handful of weeks anyway.