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More on Nonfarm Payrolls: The +171K October print is accompanied by big revisions higher to...
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Friday, November 2, 2012, 8:44 AM ETMore on Nonfarm Payrolls: The +171K October print is accompanied by big revisions higher to September (+34K to 148K) and August (+50K to 192K). Average workweek didn't budge, remaining at 34.4 hours for the 4th straight month. Average hourly earnings down $0.01 to $23.58, +1.6% Y/Y. Thus far in 2012, employment growth has averaged 157K/month, up a hair from 153K in 2011.
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down year over year...no recession
Well, the real foul was perhaps committed in UNDERREPORTING July-September payroll numbers to justify QEn.
Speaking of QEn, the Fed has increased its balance sheet by only $1B since the announcement of QEn in September.
was 7.54% was revised up to 7.9% ( seasonal adjustment)...must have been the Republican
statisticians in charge at the BLS this month...