Daily Market Update 1/6/12

Rates were little changed Friday following a stronger than expected Employment Report.  The economy added 200,000 jobs in December, beating forecast.  The Unemployment Rate declined unexpectedly to 8.5%, however the decline was partly due to the increase in the number of people dropping out of the  labor force.  Average Hourly Earnings, a proxy for wage growth, increased by 2.1% from one year ago.  Stocks moved modestly lower.  No other key data will be released today.