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More on Nonfarm Payrolls: The +171K October print is accompanied by big revisions higher to...

More 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.
Comments (11)
  • bbro
    , contributor
    Comments (9621) | Send Message
     
    No recession...with housing starts starting to perk up on a cyclical basis...hmmmmmm
    2 Nov 2012, 08:45 AM Reply Like
  • bbro
    , contributor
    Comments (9621) | Send Message
     
    Part time employment for economic reasons down...more importantly
    down year over year...no recession
    2 Nov 2012, 08:48 AM Reply Like
  • 2MuchDebt
    , contributor
    Comments (219) | Send Message
     
    bbro: so there's no recession? (btw this is sarcasm). You include this phrase in almost every post. Who are you trying to convince? You're certainly not a genius for making such a post...
    2 Nov 2012, 09:01 AM Reply Like
  • bbro
    , contributor
    Comments (9621) | Send Message
     
    Thanks letting me know...just taking the class pass/fail..
    2 Nov 2012, 11:25 AM Reply Like
  • dividend_growth
    , contributor
    Comments (2888) | Send Message
     
    Right wing lunatics are going to cry foul again.

     

    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.
    2 Nov 2012, 08:49 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Wage gains weren't there......Employers rule !
    2 Nov 2012, 08:52 AM Reply Like
  • bbro
    , contributor
    Comments (9621) | Send Message
     
    Actually this month"s non seasonally adjusted unemployment rate
    was 7.54% was revised up to 7.9% ( seasonal adjustment)...must have been the Republican
    statisticians in charge at the BLS this month...
    2 Nov 2012, 08:53 AM Reply Like
  • frosty
    , contributor
    Comments (694) | Send Message
     
    Wait! This can't be right! What does Jack Welch have to say?
    2 Nov 2012, 09:02 AM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    Jack's on the horn to Gary Wendt to see if they can "get the band back together" and manipulate some numbers down, to make Obama look bad
    2 Nov 2012, 10:08 AM Reply Like
  • PeakOiler
    , contributor
    Comments (295) | Send Message
     
    Obama 303, Mittens 235 - it's all over, folks. Happy days are here again, blah, blah, blah. Market rallies into late next week, then collapses into Christmas. Then Obomber comes for your Social Security, Medicare, etc. As George Carlin said, they're gonna get that too.
    2 Nov 2012, 09:09 AM Reply Like
  • Hendershott
    , contributor
    Comments (1543) | Send Message
     
    The sky above is clear again, So let's sing a song of cheer again. Happy days are here again. At least they might be if we could rid the country of Carl Rove, Dick Armey, Ann Coulter, Grover Norquist, and a few assorted others. Self deportation would be welcomed.
    3 Nov 2012, 10:06 PM Reply Like
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