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from minyanville.com
- Payrolls climbed by 166,000 after a 96,000 increase in September and the jobless rate held steady at 4.7%.
- "The labor market continues to be inconsistent with fears of a recession,'' Dean Maki, chief U.S. economist at Barclays Capital in New York and a former senior economist at the Fed, told Bloomberg.
- I guess we don't look at it that way because month-old economic data has a tendency to reflect what was happening last month, not what is likely to happen in the future.
- The Birth/Death Model adjustment was 103,000.
- And a whopping 25,000 of those jobs were "created" in "Financial Activities" and 14,000 in Construction.
