US Employment Data

The US. Labor department reported job losses in Sept more than expectation:

1. Payroll : net loss jobs by 263,000 in Sept, more than trade estimated at 175,000 and up from 201,000 in August.
   
2. Unemployment rate: rose to 9.8% in Sept from 9.7% in August.

Comment: Economic recovery is not sustain also bearish for equity and commodity prices.