https://www.bls.gov/news.release/empsit.nr0.htm
Consensus forecast was for an increase of 40,000 jobs and for the unemployment rate to remain at 4.4%, so actual figures surprised on the high side for both jobs and unemployment.
The change in total nonfarm payroll employment for August was revised down by 22,000, from -4,000 to -26,000, and the change for September was revised down by 11,000, from +119,000 to +108,000. With these revisions, employment in August and September combined is 33,000 lower than previously reported.
No household survey data (used to calculate unemployment rates) will be released due to the government shutdown. Establishment survey data (used to calculate nonfarm payroll totals) was able to be collected for October and is incorporated into this release. Table B-1 shows a change of payrolls during the month of October of -105,000.
FRED graph of monthly change (in thousands) in nonfarm payroll employment levels since Jan 2021.
FRED graph of the headline unemployment rate since Jan 2021.
FRED graph of more expansive unemployment definitions (U-3 thru U-6) since Jan 2021
Posted by JeromesNiece
2 Comments
How cooked are these books so we think?
