THE BASIS POINT

Some Encouraging Signs in BLS.

 

BLS Employment Situation Report (October 2014)

– Labor Participation Rate 62.8%. Previous was 62.7%.
– Nonfarm Payrolls month/month  214,000. Previous was 256,000
– Part-time Jobs -76,000
– Unemployment Rate  5.8%. Previous was 5.9%
– Average Hourly Earnings month/month +0.1%. Previous was +0.0%
– Average Workweek   34.6 Hours. Previous was 34.5 Hours.

This is a modestly positive report.  While the increase in jobs was below expectation the fact that the Labor Participation Rate increase month/month and is flat year/year are both encouraging.  Also positive is the fact that part-time jobs decreased. Flat earnings are not encouraging to workers.

 

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