Let’s take a look at today’s U.S. Non-Farm Payrolls Report. The big picture still suggests we are in a jobless recovery. The focus of today’s report will be on the private sector. An anemic jobs number is likely to cause companies to continue to conserve cash and refrain from hiring.

One key factor that remains a major concern is the high level of the weekly jobless claims number.

The U.S. Dollar is trading lower against most major currencies this morning. The Dollar is down against Europe, Japan and Canada while posting a modest gain versus the Pacific Rim currencies.

The U.S. Dollar posted a strong gain after bearish economic reports this morning triggered a massive sell-off in U.S. equity markets. Investors were encouraged to dump higher yielding assets for the safe haven Greenback. Two different reports indicated a drop in consumer spending and sentiment. U.S.