Employment Report Details:
- Unemployment rate stable at 9.0% (down from 9.1%)
- Solid private sector job creation: 80k jobs in October
- September revised up from 137k to 191k
- Government sector still contracting: 24k net job losses
- Professional services, which are forward looking: +32k
- Household Survey job creations: +277k (though this includes part time)
- Growth in average hourly earnings: +1.8%
- Employment-Population ratio: improved by one tenth to 58.4
- Hours worked stable: 34.3 hours per week
No evidence we are in a recession
