Stock Market Update

The S&P 500 futures currently trade 80 points above fair value. 

Just released, September nonfarm payrolls increased by 119,000 (Briefing.com consensus: 50,000). August nonfarm payrolls were revised to -4,000 from 22,000.

August private sector payrolls increased by 97,000 (Briefing.com consensus: 58,000), from a downwardly revised 18,000 in August (from 38,000).

The September unemployment rate was 4.4% (Briefing.com consensus: 4.3%) versus 4.3% in August.

The September average workweek was 34.2 (Briefing.com consensus 34.3) from a prior level of 34.2.

Weekly initial jobless claims for the week ending November 15 decreased to 220,000 from 238,000. 

Continuing jobless claims for the week ending November 8 increased to 1.974 million (from 1.946 million).