Factory Orders

Better but Still Mediocre BLS. Deceptively High Factors Orders.

BLS Employment Situation Report  (October 2012) – Nonfarm jobs were +171,000 and the previous month was revised upwards by 36,000 – Unemployment Rate was 7.9% up from 7.8% – Average wage was dead flat – Average workweek was 34.4 hours the same as the  previous month (revised.) This is a mediocre report which will pass for