The October Employment Report is due out this morning at 8:30. Expectations are for -175,000 Nonfarm Payrolls and a 9.9% Unemployment Rate. 10% is certainly possible, and indeed seems likely to me.

The October Employment Report is due out this morning at 8:30. Expectations are for -175,000 Nonfarm Payrolls and a 9.9% Unemployment Rate. 10% is certainly possible, and indeed seems likely to me.

Does this matter? It seems most people, including the administration suggest that the numbers are going to keep falling through next year, right? So, 10 is just a way point to the bottom.

They lie so much about figures that I dont believe any figure they come out with anyway.

Look at the jobs saved figures Obama was so proud to announce. It appears that many agencies reported more jobs saved than they actually had to begin with. A pay raise was considered a job saved. Who can actually say any figure the Obama administration puts out has any credibility.

Does this matter? It seems most people, including the administration suggest that the numbers are going to keep falling through next year, right? So, 10 is just a way point to the bottom.

The 10% number would mostly just matter in a symbolic way - whatever the condition of jobs in the country is, it is regardless. But, 10%, in and of itself would attract a fair bit of media attention.

A lot of market analysts have the net job losses ending early next year, and expect us to start seeing a net gain in nonfarm payrolls. I'm sure estimates vary greatly, but some people are projecting that the unemployment rate peaks at just above 10%. It isn't inconceivable that it never reaches 10%, but I think it's highly unlikely.

The 10% number would mostly just matter in a symbolic way - whatever the condition of jobs in the country is, it is regardless. But, 10%, in and of itself would attract a fair bit of media attention.

A lot of market analysts have the net job losses ending early next year, and expect us to start seeing a net gain in nonfarm payrolls. I'm sure estimates vary greatly, but some people are projecting that the unemployment rate peaks at just above 10%. It isn't inconceivable that it never reaches 10%, but I think it's highly unlikely.

Anh. The media can't help but cover jobs pretty much ever single day seeings how it is the primary number one problem as far as the people are concerned and the administration is taking one step after another to scare business out of hiring.

If it makes someone exam how simple this is and how stupidly the Obamites are acting, then that would be a good outcome.

October Nonfarm Payrolls: -190,000

September Nonfarm Payrolls revision: to -219,000 from -263,000

August Nonfarm Payrolls revision: to -154,000 from -201,000

Unemployment Rate: 10.2%

Average Hourly Earnings: +0.3%


It was worse than expected.

October Nonfarm Payrolls: -190,000

September Nonfarm Payrolls revision: to -219,000 from -263,000

August Nonfarm Payrolls revision: to -154,000 from -201,000

Unemployment Rate: 10.2%

Average Hourly Earnings: +0.3%


It was worse than expected.

Yes, but, absent the Stimulati, just imagine how much worse it would have been? Now, back to the REAL problem, getting socialized medicine...