WASHINGTON (Reuters) - Employers added a surprisingly strong 166,000 new non-farm jobs in October, twice as many as Wall Street economists had forecast for the strongest hiring since May, the Labor Department reported on Friday.
The national unemployment rate was unchanged from September at 4.7 percent.
The department revised September hiring to show that 96,000 jobs were added instead of 110,000 it reported a month ago and said in August there were 93,000 jobs instead of 89,000 that it previously reported.
Economists surveyed by Reuters had forecast that only 80,000 jobs would be created last month. But the monthly report showed that some 190,000 jobs were created in service industries while 24,000 were lost in the goods-producing sector for a much stronger overall result than anticipated.
Among service industries, business services added 65,000 jobs in October and leisure and hospitality industries hired 56,000 more. Manufacturers cut 21,000 jobs while construction industries reduced payrolls by 5,000 in October, only about one-third of the 14,000 they shed in September.
Both the weekly hours of work and overtime hours were unchanged from September at 33.8 and 4.1 hours respectively
http://www.reuters.com/article/busin...rpc=23&sp=true
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11-02-2007 10:09 AM #1Registered User
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New jobs blow past anaylists predictions..166,000 new jobs added for october..
1913 wasn't a very good year. 1913 gave us the income tax, the 16th amendment and the IRS.....Ron Paul
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11-02-2007 12:08 PM #2Mr. Not Nice Guy
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Great news, but their predicting it to drop back down for this month.
"You know why I favor sophisticated blondes in my films? We're after the drawing-room type, the real ladies, who become wh*res once they're in the bedroom." —Alfred Hitchcock
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11-02-2007 12:28 PM #3Nice Decks
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Notice how it says 190000 new jobs created within the service industry.......
'Would you like fries with that big mac?'
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11-04-2007 08:51 PM #4Registered User
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Originally Posted by TheHipHopBillGates
i cant believe that considering were going into the holiday season which adds more payrolls than june-aug combined..1913 wasn't a very good year. 1913 gave us the income tax, the 16th amendment and the IRS.....Ron Paul
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11-04-2007 08:51 PM #5Registered User
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Originally Posted by DJ Becka
Notice how it says 190000 new jobs created within the service industry.......
'Would you like fries with that big mac?'
its alot more than just McDonalds lol ..and even if it wasnt poor unskilled workers dont deserve jobs?? wtf your babble is allways inconsistant go read a book ..heres the real deal
the private non-good producing industries account for approximately 70% of total economic activity in the United States. These non-good producing industries include retail trade, wholesale trade, and the service industries. The U.S. Bureau of the Census currently measures the total output of most of these industries in its retail, wholesale, and services surveys.
The services industries account for 55% of economic activity in the U.S. Most of these industries are surveyed in the Quarterly Services Survey and in the Service Annual Survey.
http://www.census.gov/econ/www/servmenu.html1913 wasn't a very good year. 1913 gave us the income tax, the 16th amendment and the IRS.....Ron Paul
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11-04-2007 08:55 PM #6Mr. Not Nice Guy
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If you read closer, it included a lot of upper level services jobs, and not for nothing since NAFTA got signed and manufacturing went overseas, the United States in general has become a service economy. Originally Posted by DJ Becka
Notice how it says 190000 new jobs created within the service industry.......
'Would you like fries with that big mac?'
"You know why I favor sophisticated blondes in my films? We're after the drawing-room type, the real ladies, who become wh*res once they're in the bedroom." —Alfred Hitchcock
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11-04-2007 08:56 PM #7Mr. Not Nice Guy
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go on Bloomberg or any other financial site, their also predicting GDP of 1.9% for the 4th quarter. Originally Posted by jameznyhc
"You know why I favor sophisticated blondes in my films? We're after the drawing-room type, the real ladies, who become wh*res once they're in the bedroom." —Alfred Hitchcock
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11-04-2007 08:58 PM #8Registered User
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im sure they are ..i dont trust them anymore they are consistantly wrong ... did you see home sales?? they went thru the roof in sept?? i dont know who to fuckin believe Originally Posted by TheHipHopBillGates
1913 wasn't a very good year. 1913 gave us the income tax, the 16th amendment and the IRS.....Ron Paul
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