US jobs report: What the economists say

[xchrom]

http://www.guardian.co.uk/business/economics-blog/2011/oct/07/us-payrolls-jobs-reaction-what-economists-say

The world's leading economy added 103,000 jobs last month, according to Friday's non-farm payrolls report, which has boosted stock markets and eased recession fears.

Prior months were also revised higher by the US Labor Department while the unemployment rate held at 9.1%.

But many economists cautioned that September's numbers were flattered by a return to work for striking workers at telecoms company Verizon Communications. Excluding those workers, payrolls increased by 58,000.
Rob Carnell at ING Financial Markets

Overall, this month's labour market report was as unexpectedly good as last month's was unexpectedly bad. This is still not a strong labour market, and the Fed will not be too fazed by this report, leaving QE3 as a likely result from the 2 November FOMC meeting.

[BadgerKid]

1. Funny how they don't say whether it was NET jobs,

so as far as we know, over 103,000 jobs were lost, too.