2008-11-07 USER


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Change in Nonfarm Payrolls (Oct)

Survey -200K
Actual -240K
Prior -159K
Revised -284K

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Change in Nonfarm Payrolls YoY (Oct)

Survey n/a
Actual -1078.00
Prior -698.00
Revised n/a

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Nonfarm Payrolls ALLX (Oct)

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Unemployment Rate (Oct)

Survey 6.3%
Actual 6.5%
Prior 6.1%
Revised n/a

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Unemployment Rate ALLX 1 (Oct)

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Unemployment Rate ALLX 2 (Oct)

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Change in Manufacturing Payrolls (Oct)

Survey -65K
Actual -90K
Prior -51K
Revised -56K

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Change in Manufacturing Payrolls YoY (Oct)

Survey n/a
Actual -3.8%
Prior -3.2%
Revised n/a

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Manufacturing Payrolls ALLX (Oct)

 
Karim writes:

Payrolls:

Worse than expected (but that was expected)

  • -240k; unemployment rate rises from 6.1% to 6.5%
  • Net revisions -179k (Sep revised from -159k to -284k)
  • Hours continue to shrink -0.3% m/m and -2.6% annualized over past 3mths
  • Avg hourly earnings 0.2%
  • Avg duration of unemployment jumps from 18.4weeks to 19.7
  • Diffusion index falls from 38.1 to 37.6

By industry:

  • Mfg -90k
  • Construction -49k
  • Retail -38k
  • Finance -24k
  • Temp -34k
  • Education 21k
  • Govt 23k

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Average Hourly Earnings MoM (Oct)

Survey 0.2%
Actual 0.2%
Prior 0.2%
Revised n/a

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Average Hourly Earnings YoY (Oct)

Survey 3.5%
Actual 3.5%
Prior 3.4%
Revised n/a

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Average Hourly Earnings ALLX 1 (Oct)

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Average Hourly Earnings ALLX 2 (Oct)

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Average Weekly Hours (Oct)

Survey 33.6
Actual 33.6
Prior 33.6
Revised n/a

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Wholesale Inventories MoM (Sep)

Survey 0.3%
Actual -0.1%
Prior 0.8%
Revised 0.6%

 
Falling?

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Wholesale Inventories YoY (Sep)

Survey n/a
Actual 9.7%
Prior 10.9%
Revised n/a

 
Past the peak?

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Wholesale Inventories ALLX 1 (Sep)

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Wholesale Inventories ALLX 2 (Sep)

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Pending Home Sales (Sep)

Survey n/a
Actual 89.2
Prior 93.5
Revised n/a

 
Still a mini trend higher.

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Pending Home Sales MoM (Sep)

Survey -3.4%
Actual -4.6%
Prior 7.4%
Revised 7.5%

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Pending Home Sales YoY (Sep)

Survey n/a
Actual 7.7%
Prior 5.1%
Revised n/a

 
Not bad! probably lots of foreclosure sales.


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