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
Nonfarm Payrols, U.S. Average Weekly Hours Worked, Unemployment Rate