Nonfarm payroll up 151,000 in Oct. rate at 9.6%

[swag]

Source: Marketwatch

By Greg Robb WASHINGTON (MarketWatch) - The labor market showed signed of improvement in October, data from the Labor Department showed Friday. Total non-farm payrolls rose by 151,000 in October, higher than the 70,000 gain expected by Wall Street economists. The unemployment rate held steady at 9.6% for the third straight month. Economists forecast the unemployment rate to rise to 9.7%. The payrolls count in August and September was revised higher by a cumulative 110,000. Payrolls fell a revised 1,000 in August and by 41,000 in September. There were strong upward revisions to job creation in the past two months. Average hourly earnings increased 5 cents, or 0.2% to $22.73. Economists had been expecting a 0.2% gain. Earnings are up 1.7% in the past year. The average workweek rose 6 minutes to 34.3 hours.


Read more: http://www.marketwatch.com/story/nonfarm-payroll-up-151000-in-oct-rate-at-96-2010-11-05

[dennis4868]

1. can we redo the elections?

[Roland99]

2. The dollar is rebounding. Let's hope they don't revise this down next month.

Best jobs number in a long time.

[bigdarryl]

3. 151,000 jobs created and the rate stays the same can somone explain that logic

[CLANG]

7. It may have gone down, but they only use 1 decimal place after the '.'

[RUMMYisFROSTED]

8. That's how many folks enter the workforce every month . Iow, it's a wash.

[mahatmakanejeeves]

4. Employment Situation November 05, 2010

Source: Bureau of Labor Statistics

THE EMPLOYMENT SITUATION -- OCTOBER 2010

Nonfarm payroll employment increased by 151,000 in October, and the
unemployment rate was unchanged at 9.6 percent, the U.S. Bureau of
Labor Statistics reported today. Since December 2009, nonfarm payroll
employment has risen by 874,000.

Household Survey Data

The number of unemployed persons, at 14.8 million, was little changed
in October. The unemployment rate remained at 9.6 percent and has
been essentially unchanged since May. (See table A-1.)

Among the major worker groups, the unemployment rate for adult men
(9.7 percent), adult women (8.1 percent), teenagers (27.1 percent),
whites (8.8 percent), blacks (15.7 percent), and Hispanics (12.6 per-
cent) showed little change in October. The jobless rate for Asians was
7.1 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and
over) was about unchanged over the month at 6.2 million. In October,
41.8 percent of unemployed persons had been jobless for 27 weeks or
more. (See table A-12.)

Read more: http://www.bls.gov/news.release/empsit.nr0.htm

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This went online ten minutes ago.

[BREMPRO]

5. look how well things are going now that the republicans are in power!

just waiting for the claims to start rolling in that it was the pukes that turned things around. never too soon to start to start the propaganda unrelated to reality from the faux party.

[onehandle]

6. 'We'll take credit for that.'