60 year olds getting paper routes is not good news.
The headline rate NFP number was spot on expectations but the drop in the unemployment rate will get headlines from the politicos. A very positive revision helps the mood soom as August was bumped up to 142,000 from 96,000, as warned yesterday. Kudos to Vincent Cignarella for a prescient call in USD/JPY.
Risk-on is the general outcome with the Fed very much in QE mode despite the data.
