Monday, November 11, 2013

More on the Employment Report

I have taken a look at the BLS release of NFP for October last Friday.

  • Average weekly hours were 33.6 for October, down .1 hours from September and even with October 2012.
  • Average hourly earnings came in at $20.26 up .02 from September and up .44 from October 2012.
  • Temp hiring has dropped to 3.3 from 11.4 in September and 9.0 in October 2012.
Overall the numbers came in pretty good but these 3 details found within the Establishment data show that there is some weakness in the employment situation going forward as well.

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