Average Hourly Earnings Increase By 4 Cents

The Wall Street Journal was able to find a silver lining in the horrendous jobless report this morning.

First, the headline news:

• Consensus: analysts expected a loss of 60,000 jobs.
• Actual: loss of 130,000 jobs.
• Average number of jobs added each month over the past seven months: 100,000.
• Unemployment number stays at 9.5%.

Now the good news: average hourly earnings increased by four (4) cents; now up to $22.59.

I can't make this stuff up.

[How does this tie in to "All Bakken All The Time"? Well, the price of oil (Brent spot) dropped $2.00 following that report. Just saying.]