Mortgage-backed securities rallied Friday morning following the release of disappointing job numbers. The economy added just 96,000 jobs in August, far below forecast. In addition, the data from prior months was revised lower. The Unemployment Rate fell unexpectedly to 8.1%, but this was largely due to a decline in the labor force rather than an increase in employment. Labor force participation fell to its lowest level since 1981. Average Hourly Earnings, a proxy for wage growth, was unchanged from July. As a result, investors raised their expectations that the Fed will take further measures to boost the economy. Stocks were mixed. No other key data will be released today.