It is employment day, therefore it is a stunning day. The August unemployment rate was unchanged at 9.1%; everyone stunned with the rest of the data. Non-farm jobs were expected up 60K on the most recent estimates, as reported there was no increase---zero; the estimate for non-farm private jobs was an increase of 75K, as reported +17K. In essence, no one hired anyone in August. In July non-farm jobs were originally reported up 117K, that was revised today to +85K; between July and June revisions 58K jobs were taken away from the two previous reports. August factory jobs declined by 3K. Average hourly earnings were expected up 0.2%, as reported -0.1%. Government jobs were down 17K. This has to be one of the worst and most shocking employment report in years. Quotes of the day; Sec of Labor Solis; "we have done all we can"..."I am very optimistic about the future"..."people are waiting for Congress to act"......" incentives so far have worked"....."the President has a plan, we know what works"......"we have had no co-operation from the other side of the aisle"......???