The commerce department reported today that the unemployment rate hit 9.4% in May, with bosses laying off 345,000 jobs.

A total of 14.5 million were unemployed last month.

However, that is the fewest number of jobs lost since September and that is cause for excitement today among stock market traders at least on the open, because economists were expecting 520,000 jobs to have been lost in May.

Today's open in the US is following gain in Britian's FTE and a jump in gold stocks miner Anglo American.

Gold though is trading down 23 dollars, falling off of the 1,000 technical resistance point.

To learn more about my own stock trading strategy subscribe to the WallStreetWindow newsletter.