Latest Breaking News

nmmi

(206 posts)

1. Last 2 months revised up by 56,000

Fri Dec 6, 2024, 09:05 AM

Dec 6

https://www.bls.gov/news.release/empsit.nr0.htm

The change in total nonfarm payroll employment for September was revised up by 32,000, from +223,000 to +255,000, and the change for October was revised up by 24,000, from +12,000 to +36,000. With these revisions, employment in September and October combined is 56,000 higher than previously reported.

So we have 227k + 56k = 283k more jobs than were reported a month ago (in the 11/1/24 report)

A "couple" of other stats from the separate Household Survey that most famously produces the unemployment rate:

Employed: -355k (here we go again - big divergence between the two reports)
Unemployed: +161k
Labor force: -193k
LFPR Labor Force Participation Rate: 62.6% -> 62.5%,
U-6 unemployment rate: 7.8%

Prime age (ages 25-54) labor force participation rate
http://data.bls.gov/timeseries/LNS11300060
1st 11 months of 2024:
2024 83.3 83.5 83.4 83.5 83.6 83.7 84.0 83.9 83.8 83.5 83.5
So it's down 0.5 percentage points from July (84.0)
But still 0.4 percentage points above the pre-pandemic high (January 2020: 83.1).

The next report is the SECOND FRIDAY in January, January 10. Breaking the "First Friday" rule like it does once or twice a year.

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Highlight:

Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2% [View all] BumRushDaShow Dec 6 OP

Last 2 months revised up by 56,000 nmmi Dec 6 #1

Only for the orange asshole to come in and destroy all the gains made Javaman Dec 6 #2

The empty office building crisis is about to hit. maxsolomon Dec 6 #4

But but, the price of eggs! FailureToCommunicate Dec 6 #3

A year from now we will be in A depression and people will be begging for Biden economy Dangling0826 Dec 6 #5