August Jobs Report Horrible, Futures Plunging

The August Nonfarm Payroll report came in unchanged, versus estimates of 70,000 jobs to be created during the month.

June and July were revised down a total of 58,000 jobs. The unemployment rate came in at 9.1%.

Futures are plunging sharply. Dow futures are off 140 points, NASDAQ futures are off 28 points and the S&P 500 futures are off 18 points.