I will have a full report later the morning but in the meantime, here are a few grim details of Friday's jobs report.





US Payrolls +18,000

Last Month Quietly Revised Lower to +25,000 from +54,000

US Unemployment Unexpectedly Rises +.1 to 9.2% Despite Drop in Participation Rate

Since March, Number of Unemployed Rises by 545,000

Household Survey Number Unemployed Up 173,000

Household Survey Number of Employed Down 445,000

Average Weekly Workweek Drops by .1 Hours

Average Manufacturing Hours Drops by .3 Hours

Average Private Hourly Earnings Decrease 1 Cent

Take The Way Under

Going Nowhere Fast



Despite the alleged "improvement" in jobs, TrimTabs describes the economy as a "Hamster Wheel Economy" -- the hamster runs faster and faster in its wheel but goes nowhere.



Don't Count on a Big Rebound



The "rebound" in employment will only cheer the markets if there is a significant rebound. Last month the BLS report was +54,000 jobs.



I except to see a rebound above that anemic total. However, I will take the "way under" line on Trimtabs +171,000 jobs estimate for Friday's jobs report. Anything under +125,000 and the unemployment rate is likely to tick up, perhaps significantly.