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Title: Non-Farm Payrolls Increase More than Expected, Rising by 151,000 Unemployment Rate at 9.6% (story developing)
Source: CNBC
URL Source: http://cnbc.com/
Published: Nov 5, 2010
Author: CNBC
Post Date: 2010-11-05 08:36:55 by go65
Keywords: None
Views: 362
Comments: 8

Just a headline for now...

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Begin Trace Mode for Comment # 6.

#4. To: go65 (#0)

Unexpected to who?

This reflects holiday hirings more than anything else. And it will be revised downward next month. Bookmark it.

Badeye  posted on  2010-11-05   9:55:06 ET  Reply   Untrace   Trace   Private Reply  


#5. To: Badeye (#4)

For comparison, October 2008:

Nonfarm payroll employment fell by 240,000 in October, and the unemployment rate rose from 6.1 to 6.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. October's drop in payroll employment followed declines of 127,000 in August and 284,000 in September, as revised. Employment has fallen by 1.2 million in the first 10 months of 2008; over half of the decrease has occurred in the past 3 months. In October, job losses continued in manufacturing, construc- tion, and several service-providing industries. Health care and mining continued to add jobs.

Things will get worse next year.

go65  posted on  2010-11-05   10:46:03 ET  Reply   Untrace   Trace   Private Reply  


#6. To: go65 (#5)

Things will get worse next year.

It's a shame isn't it? Just as the economy starts to slowly crawl back from the abyss, to only be scuttled by the teabagging GOP.

Brian S  posted on  2010-11-05   11:51:42 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 6.

#7. To: Brian S (#6)

It's a shame isn't it? Just as the economy starts to slowly crawl back from the abyss, to only be scuttled by the teabagging GOP.

yep.

go65  posted on  2010-11-05 12:24:31 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 6.

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