Friday, November 5, 2010


Finally, some decent unemployment news as holiday hiring boosted the numbers.

Nonfarm payrolls increased 151,000 in October, the first increase since May, as a 159,000 jump in private employment more than offset a 8,000 drop in government payrolls, the Labor Department said on Friday. In addition, the government revised payrolls for August and September to show 110,000 fewer jobs lost.

Economists had expected payrolls to increase 60,000 last month, with private employment rising 75,000.

Can we keep that up?  I'm thinking "no."   But this was a pleasant surprise.

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