The market is obvious taking a hit due to the headline number. I am not a fan of the report either, but for me the biggest take away was how the report does not jive with the retail and ADP data.
1. +57K private secotor
2. There is little record of growth for the auto hires (+0.9K) that took place. (Adds to the not jiving thesis)
3. Not a fan of the Ave weekly Earnings. It declined from $791.20 to $788.56.
The market has every reason to go down today. (Hopefully I can get back into IBM, GOOG and others with this move. Remembering this is one piece of the equation. Its Global GDP that matters for stocks, not just US GDP.)