The data, just released, shows 96,000 jobs were added. Consensus was 150,000.

As this scribe wrote with some surprise on Tuesday, Wachovia were forecasting 250,000. Wachovia have been persistently and seriously over-optimistic with their forecasts for the last 3 months of nonfarm data. Time for a model rebuild.

Of note was the downward revision of August nonfarm jobs to 128,000 from 145,000; it is more manna for Kerry to go into tonight's debate with.

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