It's The Economy Stupid: Employment

In the end, economically speaking, all any us care about is a pay check.  So right now more than anything else, employment matters.  These are good trend numbers, not exactly a great month.  The revisions to the prior month’s numbers are a real eye catcher.  Stock market futures are up on the news, look for a positive move on the opening.

 

Economic Event	Period	Actual Reported	Economic Survey	Original Prior	Revised Prior
Change in Nonfarm Payrolls	OCT	80K	95K%	103K	158K
Change in Private Payrolls	OCT	104K	125K%	137K	191K
Change in Manufact. Payrolls	OCT	2K	2K%	-13K	-3K
Unemployment Rate	OCT	9.0%	9.1%	9.1%
Underemployment Rate	OCT	16.2%		16.5%
Avg Hourly Earning MOM All Emp	OCT	0.2%	0.2%	0.2%	0.3%
Avg Hourly Earning YOY All Emp	OCT	1.8%	1.8%	1.9%
Avg Weekly Hours All Emp	OCT	34.3	34.3	34.3
Change in Househod Survery Emp	OCT	277		398

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7^th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd