11/6/2009

Jobs Number

A little worse than expected — October NFP down 190,000, unemployment rate up to 10.2%.

Posted: 7:39 am

5 Comments »

  1. Nothing like a dose of reality to send the market in the other direction – again. This has me re-thinking my logic for going long some energy stocks I was looking at.

    Comment by Randal — 11/6/2009 @ 8:09 am

  2. Energies look like a mixed bag here — I’ve seen a few setting up as shorts, but others in the group look quite different.

    Comment by BMB — 11/6/2009 @ 8:30 am

  3. The jobs numbers are like the elephant in the room. I guess that’s fine since it’s supposed to be a “jobless recovery.”

    Comment by Brad — 11/6/2009 @ 1:35 pm

  4. Yes. U-6, the broadest measure of unemployment, is at 17.5%. And that’s the govt’s number.

    Comment by BMB — 11/6/2009 @ 1:42 pm

  5. I wonder how those without a job (or that took paycuts) feel about the term “Jobless recovery…”

    Or all the speeches telling us things have improved.

    Comment by Maria — 11/6/2009 @ 6:06 pm

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