*REVISIONS ADDED COMBINED 110,000 JOBS TO SEPTEMBER, AUGUST
*PRIVATE PAYROLLS RISE 159,000; GOVERNMENT JOBS DROP 8,000
*U.S. OCTOBER PAYROLLS RISE 151,000; JOBLESS RATE HOLDS AT 9.6%
The government announced Friday that 151,000 jobs were added in the economy in October, as the unemployment rate stayed at 9.6 percent.
18.3% is the unemployment number if job leavers, those out of the workforce, were added, according to Zerohedge.
Labor Force Participation Rate Drops To 25 Year Low, At 64.5%
The average duration of unemployment went from 33.3 weeks to 33.9
Bottom line: Improved payrolls, but overall remains hard to find a job.
No comments:
Post a Comment