U.S. Unemployment Hits 10.2%

Bad numbers on employment continue. Non-farm payrolls came at -190k vs. -175 k consensus and -263k last month.. Contrary to my guess yesterday. Unemployment has hit 26-year high of 10.2%. Average hourly earnings up 0.3% vs. 0.1% consensus. Average workweek at 33 hours, down from 33.1 last month. Bloomberg story: Unemployment in U.S. Jumps to 10.2%, Payrolls Fall.

Chart 1. Non-farm Payrolls: Monthly and Yearly Change

Non-farm Payrolls Monthly and Yearly Change

Source: Econoday

Chart 2. Civilian Unemployment Rate

Civilian Unemployment Rate 06112009

Source: Econoday


This entry was posted on Friday, November 6th, 2009 at 8:17 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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