10.2% Unemployment, 190K Jobs Lost

Good morning. Futures are under pressure following a worse-than-expected jobs report.

Other headlines beyond jobs include news that the OECD sees strong signals of worldwide recovery especially in China, the G20 to stay the course on economic stimulus, the latest from the oversight panel on TARP, the Feds widened their crackdown on insider trading, Fannie wants another $15 billion from the Treasury, earnings from AIG among a few others, slower money flows into commodities and lots of media hype over the new Driod phone.

Read more of my premarket report.