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US economy may have added 100,000 jobs in October: Surveys
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US economy may have added 100,000 jobs in October: Surveys
The Labor Department will release the Jobs Report for October this Friday (11/4) at 8:30 a.m. Surveys carried out by the major financial news agencies expect the report to show that 100,000 jobs were added in the month.
Nonfarm payroll estimates (October):
Bloomberg +100,000
Reuters +95,000
Dow Jones Newswires +100,000
Unemployment is seen staying at 9.1%.
Source linkz:
http://www.bloomberg.com/news/2011-10-28/u-s-october-michigan-consumer-sentiment-index-increased-to-60-9-from-59-4.html
r
http://www.reuters.com/assets/print?aid=USTRE79R5QI20111028
Nonfarm payroll estimates (October):
Bloomberg +100,000
Reuters +95,000
Dow Jones Newswires +100,000
Unemployment is seen staying at 9.1%.
Source linkz:
http://www.bloomberg.com/news/2011-10-28/u-s-october-michigan-consumer-sentiment-index-increased-to-60-9-from-59-4.html
r
http://www.reuters.com/assets/print?aid=USTRE79R5QI20111028
GabrielBerg- Member
- Posts : 20
Join date : 2011-10-01
Re: US economy may have added 100,000 jobs in October: Surveys
Here is the full Bloomberg preview that came out this morning. They lowered their estimate to 95,000:
http://www.bloomberg.com/news/print/2011-10-30/employment-probably-cooled-in-october-showing-u-s-recovery-must-quicken.html
http://www.bloomberg.com/news/print/2011-10-30/employment-probably-cooled-in-october-showing-u-s-recovery-must-quicken.html
GabrielBerg- Member
- Posts : 20
Join date : 2011-10-01
Re: US economy may have added 100,000 jobs in October: Surveys
Thanks for sharing Gabriel,
The only time I'll feel that jobs are being created is when every member of this board, and all other unemployed who want to find a job, are working again in their chosen occupations. Until then, these reports and surveys to me are just smoke and mirrors.
The only time I'll feel that jobs are being created is when every member of this board, and all other unemployed who want to find a job, are working again in their chosen occupations. Until then, these reports and surveys to me are just smoke and mirrors.
Last edited by jmainframe on Mon Oct 31, 2011 3:29 am; edited 1 time in total
jmainframe- Member
- Posts : 471
Join date : 2011-02-24
Age : 65
Location : New Jersey
Re: US economy may have added 100,000 jobs in October: Surveys
After a while you will remember never to trust these #'s The predictions come in a 160,000 and the government comes in at 60,000 neither of these numbers will get us anywhere. I used to look at all these places and they were never right, also most of them are NOT SEASONALLY ADJUSTED. It is nice to have good thoughts, but don't depend on them, or you will be disappointed. The only number that matter are the governments, and you can't trust them either, but those are the ones you need to look at. Looking at the others will drive you nuts. Dazed
Dazed&Confused- Member
- Posts : 346
Join date : 2011-02-22
Location : Philadelphia
Re: US economy may have added 100,000 jobs in October: Surveys
The one that always kills me is the ADP forecast report. People who actually do the payroll sourcing and reports and they are usually way off, one way or the other. These are the very people many companies use to do their payrolls. Kind of scarey if you ask me.
Guest- Guest
Re: US economy may have added 100,000 jobs in October: Surveys
MaryKay wrote:The one that always kills me is the ADP forecast report. People who actually do the payroll sourcing and reports and they are usually way off, one way or the other. These are the very people many companies use to do their payrolls. Kind of scarey if you ask me.
Yeah, I don't know who appointed them as an economic forecasting authority. I just woke up one day and there it was!
ADP is as old as dirt. One of the first computer-based service companies in the world. Their original record layouts from the 1950's are still in use today. The company was founded by 90+ year old Jersey Senator Frank Lautenberg.
jmainframe- Member
- Posts : 471
Join date : 2011-02-24
Age : 65
Location : New Jersey
Re: US economy may have added 100,000 jobs in October: Surveys
That's pretty scary. Probably sitting on a unix platform too!
Dazed&Confused- Member
- Posts : 346
Join date : 2011-02-22
Location : Philadelphia
Re: US economy may have added 100,000 jobs in October: Surveys
100,000 new jobs in Oct is nothing to write hme about!! Considering they are losing aboout 400,000 new jobless claims each week!Also it takes about 200,000 new jobs every month to show a improving economy!
exhaustedandtired/1208- Member
- Posts : 863
Join date : 2011-02-17
Age : 76
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