Jobs Report - Any Guesses?

Just released-it's official :

114,000 new jobs added, and unemployment rate FALLS to 7.8%.


[h=1]Unemployment rate decreases to 7.8% in September;
payroll employment rises by 114,000[/h]Source: U.S. Bureau of Labor Statistics

THE EMPLOYMENT SITUATION -- SEPTEMBER 2012


The unemployment rate decreased to 7.8 percent in September, and total nonfarm
payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported
today. Employment increased in health care and in transportation and warehousing
but changed little in most other major industries.

Household Survey Data

The unemployment rate declined by 0.3 percentage point to 7.8 percent in September.
For the first 8 months of the year, the rate held within a narrow range of 8.1
and 8.3 percent. The number of unemployed persons, at 12.1 million, decreased by
456,000 in September. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.3 percent),
adult women (7.0 percent), and whites (7.0 percent) declined over the month.
The unemployment rates for teenagers (23.7 percent), blacks (13.4 percent), and
Hispanics (9.9 percent) were little changed. The jobless rate for Asians, at
4.8 percent (not seasonally adjusted), fell over the year. (See tables A-1, A-2,
and A-3.)
....

The number of persons unemployed for less than 5 weeks declined by 302,000 over
the month to 2.5 million. The number of long-term unemployed (those jobless for
27 weeks or more) was little changed at 4.8 million and accounted for 40.1
percent of the unemployed. (See table A-12.)
Click to expand...



Read more: Link: http://www.bls.gov/news.release/empsit.nr0.htm
 
Sensei said:
Whatever it is, Europe is certainly buying the rumor. So they must be expecting it to be below expectations, because that would help Romney, which should, in turn, help stocks. Right? :confused:
Click to expand...


? i thought Europe up is because the announcement of huge bond buying
 
Whatever it is, Europe is certainly buying the rumor. So they must be expecting it to be below expectations, because that would help Romney, which should, in turn, help stocks. Right? :confused:
 
tsptalk said:
Estimates for the September 2012 jobs report are in the neighborhood of a gain of 120,000 jobs and an unemployment rate of 8.1%

Any predictions?
Click to expand...
133,000 because that is what's needed to say the economy is improving.
 
tsptalk

tsptalk

Moderator
Staff member
Estimates for the September 2012 jobs report are in the neighborhood of a gain of 120,000 jobs and an unemployment rate of 8.1%

Any predictions?
 
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