October Nonfarm Payrolls Rose 151.000; Unemployment Rate At 9.6%

(For October 2010)

Nonfarm payrolls rose 151.000 in October. The consensus was at 60.000, September reading was a (revised +54.000) decrease of 57.000. The unemployment was reported at 9.6% vs. prior reading of 9.6% and consensus of 9.6%.

Private payrolls were up 159.000 vs. 80.000 consensus and 107.000 reading in September (revised +43.000).

Average weekly hours worked for private employees rose to 34.3.

Much better than consensus; slight improvement overall.

Chart 1. Nonfarm Payrolls & Unemployment Rate

Chart 2. US Average Weekly Hours All Employees

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This entry was posted on Friday, November 5th, 2010 at 6:45 am and is filed under U.S. Economic Data. 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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