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

by GabrielBerg 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

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

by GabrielBerg 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

by jmainframe 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.

by Dazed&Confused 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

by Guest 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.

by jmainframe 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.

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

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

by exhaustedandtired/1208 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!