Jump In Hiring Lifts Spirits on Economy.

[elleng]

Source: nyt/reuters

Employment surged much more than expected last month as private companies hired workers at the fastest pace since April, a sign the sluggish economy is finally starting to tick up.

Nonfarm payrolls rose by 151,000 in October, the first gain since May, and more than double economists' expectations, a Labor Department report showed on Friday. Private hiring rose by 159,000, while government cut only 8,000 jobs. . .

Data for August and September also was revised to show 110,000 fewer jobs were lost than previously estimated. Private payrolls have grown above 100,000 for each of the last four months and are now up 1.1 million since December.




Read more: http://www.nytimes.com/reuters/2010/11/05/business/business-us-usa-economy.html?_r=1&ref=reuters

[truthisfreedom]

1. Well that makes sense. What with republicans in charge, that only makes sense.

Wait, what? A TIME MACHINE?

[toddwv]

2. That's actually already in the script.

I've heard it from the mouths of several hardcore righties. That's exactly how the media will spin it too.

[MrTriumph]

3. Meanwhile, it is off to India to entice India to buy American made goods.

'That's why on this trip I am going to be talking about opening up additional markets like India so that American business can sell more products to create more jobs here at home,' said Obama who has set a target of doubling US exports in five years.

[HereSince1628]

4. And it had curiously little impact on the markets.

You'd have thought that the R's could start claiming influence right away.

[elleng]

6. Who the heck really can tell about influences on 'markets?'

This week, had elections and QE from the Fed, and markets went down and up and down, I think, each movement marginal, imo.

[some guy]

5. What a cheery headline.

Now that the election is over, the headlines can be reworked to be more upbeat, regardless of the content of the story.

Lots of people only read the headlines, after all.