Employment Report – October

November 4, 2011

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

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13 Responses to Employment Report – October

  1. Kevin John on November 6, 2011 at 2:25 am

    Hee hee. Well Crackerjack, if you trust the BLS and the BLS reports you might actually believe the 80k jobs added in Oct were not flippin’ burgers @ McDonald’s. You might even believe (with heavy medications) that the UE rate is realy down to 9.0% and those silly reports of millions registering for food stamps each month are just a glitch in the system.
    For me, I don’t think it’s a glitch in the sytem and I don’t believe ANYTHING BLS or the US Government says anymore.
    Thank you very much. Good luck with your stocks.

  2. Heaven on May 1, 2016 at 8:51 pm

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