Jobs Report comes in @ 598k. Unemployment rate @ 7.6%

U.S. Jobs Report is recorded @ 598k. Unemployment rate is 7.6%
Dow futures spike from up 25 to up over 100. Treasuries remain unchanged.
Expectations were in a range of 525k-700k, basically a 16 year high.
If you count part time workers, workers going back to school, and workers who have given up looking for work; the unemployment rate is probably in the range of 12-14%