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Private employment decreased by 32,000 jobs last month after an upwardly revised 47,000 increase in October. Economists polled by Reuters had forecast private employment rising by 10,000 jobs after a previously reported 42,000 rebound in October.
The BLS will release the closely watched employment report for November on December 16. The report, originally due on December 5, was delayed by the recently ended shutdown of the government. It will include nonfarm payrolls for October. The unemployment rate for October will never be known as the longest shutdown in history prevented the collection of data for the household survey from which the jobless rate is calculated.
There are usually substantial corrections to these numbers. Don’t read too much into it.
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79 sats \ 1 reply \ @fiatbad 5h
True.
But this confirms a trend which is now decidedly negative since July.
Single data points don't mean much. Trends are far more meaningful.
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I agree with that.
What I meant is that it’s probably not worth the effort to try to make sense of anything that might seem odd about this number.
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