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Oct. Nonfarm Payrolls: +80K vs. consensus of +95K, +103K prior. Unemployment 9.0% vs. 9.1%...

Oct. Nonfarm Payrolls: +80K vs. consensus of +95K, +103K prior. Unemployment 9.0% vs. 9.1% expected. Avg. hourly earnings +$0.05. to $23.19. Workweek Unchanged to 34.3.
Comments (8)
  • Papaswamp
    , contributor
    Comments (2214) | Send Message
     
    Though the employment to population ratio increased (yea!) the participation rate decreased and Not In Labor Force increased (NSA...wrong way for both). Certainly a mixed bag…but possibly a sign of bottom bouncing. If this month shows an turn in NILF and participation rate (though holidays may convolute the data a bit) might be able to call bottom.
    Note: Birth/death model added 103K employed.
    4 Nov 2011, 08:49 AM Reply Like
  • J 457
    , contributor
    Comments (956) | Send Message
     
    So, this is what 15 trillion in debt buys. I want a refund.
    4 Nov 2011, 08:56 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2214) | Send Message
     
    Last quarter was indeed ugly. Debt increased by $447 Billion yet GDP by only $185 Billion. Over 2:1 debt to GDP….simply not the right direction for a healthy economy. Hopefully we are at the bottom and the long slog out will begin….but I really wish the US would do a better job protecting it's intellectual property and technical skill jobs. Most have been shipped overseas….I think we have really shot ourselves in the posterior in this aspect, thus leaving us with lower wage/skill jobs.
    4 Nov 2011, 09:24 AM Reply Like
  • The_American
    , contributor
    Comments (149) | Send Message
     
    That is a Masterpiece. LOL. Great Comment
    5 Nov 2011, 03:49 PM Reply Like
  • The_American
    , contributor
    Comments (149) | Send Message
     
    This is SHAMEFUL. I am always optimistic but this employment numbers has to do with very little hires for THE HOLIDAYS! Not over anything other than - Plain & Simple. CNBC will have 100 different opinions a minute like this is a Game Show. These numbers are Dismal and we need a GAME CHANGER! Where are the American Corporations with TRILLIONS on the sidelines to invest in their own Country? The "Uncertainty story is getting Old" the only thing that is certain is America will turn into a Barron Wasteland while we pray for China. Yet nobody dare would speak of this. CORRUPTION in government has never been so in our face running Rampant with Politicians BS Organizations and BS Foundations where Corporations fund them and it is CLEAR Big Corporations are the ones who Dictate American Policy! Where is American Leadership? These CEOs who have no stake in these companies that are running were built during Americas Industrial Revolution and lacks MORALS! George Washington would have called it DUTY!
    4 Nov 2011, 09:30 AM Reply Like
  • davidbdc
    , contributor
    Comments (3184) | Send Message
     
    Your mostly correct. The triumvirate of public unions, politicians and the financial elite are systemically ruining the country for their own gain.

     

    CEO's shut down PROFITABLE operations because they can make more in Vietnam, Thailand, China, Mexico, etc...... and their stock price might rise $6 and they will personally gain $20-$30MM. The heck with the 1000 people that actually built the business that the ass-kissing clown now runs. Yeah, lets destroy the towns that build and supported the business from inception so that the CEO and CFO and a few other folks can make another 20MM.

     

    And the bureaucrats that are supposed to regulate and provide PUBLIC SERVICE have evolved into the folks that look the other way, work when they feel like it, can't be fired, and receive pensions for 40 years after working for 25. And the politicians just go along because they and their families get rich.

     

    And the rest of us???? Well, we're just the statistics.
    4 Nov 2011, 11:19 AM Reply Like
  • SteveThompson
    , contributor
    Comments (33) | Send Message
     
    Here’s what the 2010 compensation package looks like for Jeffrey Immelt, the man that President Obama put in charge of putting the United States back to work:

     

    http://bit.ly/sDdb7h

     

    Mr. Immelt heads a corporation that paid no federal corporate tax in 2010 and continues to expand its workforce outside the United States.

     

    I wonder where his loyalties lie?
    4 Nov 2011, 09:31 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3531) | Send Message
     
    Great link! Appointing Immelt as jobs czar had to be either one of Obama's dumbest moves or a way to reward a big contributor.
    4 Nov 2011, 11:30 AM Reply Like
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