US Unemployment Rate Tops 10 Percent

The Nonfarm Payroll Report for October 2009 showed a loss of (only) 190k jobs in the US with the unemployment rate spiking to 10.2 percent from 9.8 percent.

So, the two sides of this coin are less jobs being lost, but more people unemployed.

The report appears to have sparked some risk aversion in the forex markets with the US Dollar staging a very minor rally initially and the Yen pairs selling off.