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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

Post by GabrielBerg on Sat Oct 29, 2011 5:55 pm

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

alien alien cheers alien cheers alien alien

Unemployment is seen staying at 9.1%.

No pale pale No

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
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http://www.reuters.com/assets/print?aid=USTRE79R5QI20111028

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Re: US economy may have added 100,000 jobs in October: Surveys

Post by GabrielBerg on Sun Oct 30, 2011 11:45 am

Here is the full Bloomberg preview that came out this morning. They lowered their estimate to 95,000:

Sad

http://www.bloomberg.com/news/print/2011-10-30/employment-probably-cooled-in-october-showing-u-s-recovery-must-quicken.html

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Re: US economy may have added 100,000 jobs in October: Surveys

Post by jmainframe on Sun Oct 30, 2011 3:32 pm

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.


Last edited by jmainframe on Mon Oct 31, 2011 3:29 am; edited 1 time in total

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Re: US economy may have added 100,000 jobs in October: Surveys

Post by Dazed&Confused on Mon Oct 31, 2011 2:39 am

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

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Re: US economy may have added 100,000 jobs in October: Surveys

Post by Guest on Mon Oct 31, 2011 5:25 pm

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.

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Re: US economy may have added 100,000 jobs in October: Surveys

Post by jmainframe on Mon Oct 31, 2011 5:44 pm

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.

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Re: US economy may have added 100,000 jobs in October: Surveys

Post by Dazed&Confused on Mon Oct 31, 2011 6:22 pm

That's pretty scary. Probably sitting on a unix platform too!

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Re: US economy may have added 100,000 jobs in October: Surveys

Post by exhaustedandtired/1208 on Mon Oct 31, 2011 10:32 pm

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!

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Re: US economy may have added 100,000 jobs in October: Surveys

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