Payrolls
Posted by WARREN MOSLER on 6th November 2009
Karim writes:
Apart from net revisions, this employment report pretty much stinks:
- Jobs -190k
- UE rate from 9.8% to 10.2%; ‘Total’ unemployment rate from 17% to 17.5%
- Hours down 0.2%
- Difffusion index down from 37.5 to 33.8
- Median duration of unemployment up 1.4 weeks to 18.7
- Manufacturing jobs -45k to -61k (so much for ISM employment index as a leader)
- Retail and construction still soft; modest improvement in temp jobs and education
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Posted in Employment | 8 Comments »