OK, Ok, I get it… just the facts:
Total nonfarm payroll employment rose by 214,000 in October, and the unemployment rate edged down to 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, retail trade, and health care.
Household Survey Data Both the unemployment rate (5.8 percent) and the number of unemployed persons (9.0 million) edged down in October. Since the beginning of the year, the unemployment rate and the number of unemployed persons have declined by 0.8 percentage point and 1.2 million, respectively. (See table A-1.)
Among the major worker groups, the unemployment rate for whites declined to 4.8 percent in October. The rates for adult men (5.1 percent), adult women (5.4 percent), teenagers (18.6 percent), blacks (10.9 percent), and Hispanics (6.8 percent) changed little over the month.
The jobless rate for Asians was 5.0 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.) In October, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2.9 million. These individuals accounted for 32.0 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 1.1 million. (See table A-12.)
The civilian labor force participation rate was little changed at 62.8 percent in October and has been essentially flat since April. The employment-population ratio increased to 59.2 percent in October.
Futures are reacting positively, with gold bouncing $13. But as the pressure pops in Ukraine this weekend, looking for weakness to develop through today’s session.
The big question is whether this turns around the market which has been climbing the wall of worry like there is no tomorrow. Ask me in a week, lol.
Nevada Quake Swarm
Oh-oh…call the screen writers. Another 4.7 quake in Nevada as a swarm continues there. And yes, this is likely a precursor to something. What we don’t know, however.
Transparency to the Point of Disappearing…
Good reports are coming in about the number of OTM’s (*other than Mexicans) who are swarming over the US Southern Border. Well, at least what used to be a border…
Seems in Obama-like Transparency, the annual report on immigration sneaks was up for about five hours last month and hasn’t seen seen or heard from since.
This is either the finest transparency in the world or fraudulent behavior to keep voters stupid going into an election.
I don’t suppose you’d care to guess which side of that bet my money would be on?
Madness on bordering as usual, again.
Speaking of the Lame Duck in Chief
Fox Snooze coverage is less restrained quoting a source that says this move “F***s Everything Up.”
Wait…what’s different? I mean isn’t F/U’in g things up what happens in Washington?
The nice thing about the elections this week is that we will now be able to refer to the District of Confusion as the land of weed and greed… No argument with the weed part, but sharing some of the greed would be nice.
Buffetting Winds of Energy
We wonder (as the White House mulls the Keystone Pipeline bill) whether a certain Omaha rail tycoon’s transportation unit might be impacted in whatever time it takes to build the Keystone pipeline if signed…
Ahead: War Weekend?
Sure it’s Friday and all, but keep an eye on Ukraine this weekend. There’s a claim from Kiev that a Russian tank column has crossed the border in support of Donetsk, which was fairly peaceful until the Kiev government started up shelling of the city yesterday.
The Obama administration is trying to work the EU takeover of the Donetsk energy basin while O is still in office and the dems own the Senate.
This US/EU move is about like China invading Alberta and expecting the US not to react, but turn about is NOT fair play…not in today’s world.
But wait, wasn’t that what this week’s election was? (An airbags recall? – rim shot). Things begin to blur by Friday…