Apart from net revisions, this employment report pretty much stinks:

• Jobs -190k
• UE rate from 9.8% to 10.2%; ‘Total’ unemployment rate from 17% to 17.5%
• Hours down 0.2%
• Difffusion index down from 37.5 to 33.8
• Median duration of unemployment up 1.4 weeks to 18.7
• Manufacturing jobs -45k to -61k (so much for ISM employment index as a leader)
• Retail and construction still soft; modest improvement in temp jobs and education