Daily Market Update 11/6/09

Rates moved lower Friday following weaker than expected jobs data. The Unemployment Rate rose to 10.2% in October from 9.8% in September, the highest level since April 1983. The economy lost 190,000 jobs last month, and revisions to prior months added another 90,000 to the previously announced figures. On a positive note, average hourly earnings, a proxy for wage growth, rose a bit more than forecast. No other data will be released today.

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