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![2008-11-07 Change in Nonfarm Payrolls](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-change-in-nonfarm-payrolls-small.gif)
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Change in Nonfarm Payrolls (Oct)
Survey |
-200K |
Actual |
-240K |
Prior |
-159K |
Revised |
-284K |
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![2008-11-07 Change in Nonfarm Payrolls YoY](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-change-in-nonfarm-payrolls-yoy-small.gif)
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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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![2008-11-07 Nonfarm Payrolls ALLX](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-nonfarm-payrolls-allx-small.gif)
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Nonfarm Payrolls ALLX (Oct)
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![2008-11-07 Unemployment Rate](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-unemployment-rate-small.gif)
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Unemployment Rate (Oct)
Survey |
6.3% |
Actual |
6.5% |
Prior |
6.1% |
Revised |
n/a |
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![2008-11-07 Unemployment Rate ALLX 1](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-unemployment-rate-allx-1-small.gif)
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Unemployment Rate ALLX 1 (Oct)
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![2008-11-07 Unemployment Rate ALLX 2](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-unemployment-rate-allx-2-small.gif)
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Unemployment Rate ALLX 2 (Oct)
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![2008-11-07 Change in Manufacturing Payrolls](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-change-in-manufacturing-payrolls-small.gif)
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Change in Manufacturing Payrolls (Oct)
Survey |
-65K |
Actual |
-90K |
Prior |
-51K |
Revised |
-56K |
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![2008-11-07 Change in Manufacturing Payrolls YoY](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-change-in-manufacturing-payrolls-yoy-small.gif)
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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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![2008-11-07 Manufacturing Payrolls ALLX](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-manufacturing-payrolls-allx-small.gif)
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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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![2008-11-07 Average Hourly Earnings MoM](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-average-hourly-earnings-mom-small.gif)
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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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![2008-11-07 Average Hourly Earnings YoY](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-average-hourly-earnings-yoy-small.gif)
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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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![2008-11-07 Average Hourly Earnings ALLX 1](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-average-hourly-earnings-allx-1-small.gif)
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Average Hourly Earnings ALLX 1 (Oct)
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![2008-11-07 Average Hourly Earnings ALLX 2](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-average-hourly-earnings-allx-2-small.gif)
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Average Hourly Earnings ALLX 2 (Oct)
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![2008-11-07 Average Weekly Hours](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-average-weekly-hours-small.gif)
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Average Weekly Hours (Oct)
Survey |
33.6 |
Actual |
33.6 |
Prior |
33.6 |
Revised |
n/a |
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![2008-11-07 Wholesale Inventories MoM](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-wholesale-inventories-mom-small.gif)
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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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![2008-11-07 Wholesale Inventories YoY](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-wholesale-inventories-yoy-small.gif)
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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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![2008-11-07 Wholesale Inventories ALLX 1](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-wholesale-inventories-allx-1-small.gif)
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Wholesale Inventories ALLX 1 (Sep)
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![2008-11-07 Wholesale Inventories ALLX 2](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-wholesale-inventories-allx-2-small.gif)
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Wholesale Inventories ALLX 2 (Sep)
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![2008-11-07 Pending Home Sales](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-pending-home-sales-small.gif)
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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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![2008-11-07 Pending Home Sales MoM](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-pending-home-sales-mom-small.gif)
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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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![2008-11-07 Pending Home Sales YoY](https://moslereconomics.com/wp-content/graphs/2008/11/2008-11-07-pending-home-sales-yoy-small.gif)
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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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