Capital Markets Update – Jobs Report Reveal Loss of 20,000

The highly anticipated monthly jobs report was released today.  January saw job losses of 20,000 and did not turn positive as expected.

The prior period was revised downward to -150,000.  The unemployment rate fell to 9.7% from 10.0%.  manufacturing payrolls increased 11,000. 

U.S. Treasury and mortgage bond prices are off of yesterday’s highs, but are still trading slightly higher than they were yesterday morning.

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