The report that everyone has been waiting for all week is the employment data released by the Department of Labor on Friday morning. This report comes on the heels ofThursday's optimistic ADP Employment Report, which estimated an increase in private payrolls at a healthy 204,000.
However, the Department of Labor announced that only 142,000 jobs were added in the month of August. This is the lowest increase all year. Within minutes of the employment announcement the stock market futures tanked by over 60 points.