The October Jobs Report

The economy created 80,000 jobs last month compared with Wall Street’s estimate of 100,000. Private sector jobs increased by 104,000.

The revision for September was plus 102,000.

The unemployment rate dropped 0.1% to 9%. The long-term unemployment number fell by 366,000 to 5.9 million.

Since the recession officially ended 28 months ago, the unemployment rate has dropped from 9.5% to 9%.

Posted by on November 4th, 2011 at 8:32 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.