Economic Reports 11/03/06
Sept ISM Services 57.1% vs prior 52.9% Full Report
Inside the number: 9 of 18 industries expanding, most of the weakness was concentrated in the real estate sector. New orders DOWN to 56.5% from 57.2%; employment DOWN to 51.0% from 53.6%; prices DOWN to 51.9% from 56.7%.
Oct Non Farm Payroll +92K vs prior +51K Full Report
Inside the number: Non farms revised up Aug +230K vs +188K; Sept +148K vs +51K; Unemployment 4.4% vs prior 4.6%; just in time for the midterm elections.
The increase was concentrated in service production - McJobs. Manufacturing -39K, construction -26K, retail -4K, guvmint +34K, McJobs +152K.
Bonds were down BIG on the news as the 10 year yield jumped to 4.71% from 4.56% and the 2yr pulled even with the 30 yr @ 4.81%.
Inside the number: 9 of 18 industries expanding, most of the weakness was concentrated in the real estate sector. New orders DOWN to 56.5% from 57.2%; employment DOWN to 51.0% from 53.6%; prices DOWN to 51.9% from 56.7%.
Oct Non Farm Payroll +92K vs prior +51K Full Report
Inside the number: Non farms revised up Aug +230K vs +188K; Sept +148K vs +51K; Unemployment 4.4% vs prior 4.6%; just in time for the midterm elections.
The increase was concentrated in service production - McJobs. Manufacturing -39K, construction -26K, retail -4K, guvmint +34K, McJobs +152K.
Bonds were down BIG on the news as the 10 year yield jumped to 4.71% from 4.56% and the 2yr pulled even with the 30 yr @ 4.81%.
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