Non Farms Payroll

In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.

July Non Farms Payroll +113K vs prior +124K; Unemployment +0.2% @ 4.8% vs prior 4.6%

Inside the number: manufacturing sector -15K vs prior +22K, goods producing industries -2K; professional services +43K; private sector service producing jobs + 115K.

Less durable economic base and more McJobs which in the event of an economic downturn, disappear like vapor.
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