US Jobs: Private Payrolls Rise By 233k In October After Rising 319k In September (-27% MoM), Unemployment Rate Edges Up To 3.7% As Wage Growth Cools To 4.7% (Too Bad Inflation Is At 8.2%)

by confoundedinterest17 President Biden just lost one of his midterm election talking points. “The U-3 unemployment rate the lowest since (garbled) at 3.5%!” Because it now has risen in October to 3.7%. Private payrolls added 233k jobs in October, which is a …

READ MORE

It’s All About Payrolls Now

by David Brady via Sprott Money After a week of waiting for Powell’s pivotal Jackson Hole speech, it was a complete dud. He punted the decision on a possible taper to the next FOMC meeting on September 22. The only words of interest …

READ MORE

Biggest Non-Farm Payrolls Miss Since 1998

by UPFINA The April labor report was so shocking it seems incorrect. It was nothing like the solid ADP report. Furthermore, markets completely ignored this report after a temporary reaction. Essentially, the numbers were much different than everyone expected, but nothing …

READ MORE

US Labor Apr Nonfarm Payrolls +266K; Consensus +1M. If you can’t even closely forecast monthly jobs how can you even pretend to predict growth for next year?

The U.S. economy added 266,000 jobs in April, far below the Wall Street consensus of 978,000; unemployment rate 6.1% pic.twitter.com/C4yyXGvd4U — Reuters (@Reuters) May 7, 2021 *US Labor Apr Nonfarm Payrolls +266K; Consensus +1M — *Walter Bloomberg (@DeItaone) May 7, …

READ MORE