Nonfarm payrolls rose 151.000 in October. The consensus was at 60.000, September reading was a (revised +54.000) decrease of 57.000. The unemployment was reported at 9.6% vs. prior reading of 9.6% and consensus of 9.6%.

Private payrolls were up 159.000 vs. 80.000 consensus and 107.000 reading in October (revised +43.000).

Average weekly hours worked for private employees rose to 34.3.

Much better than consensus; slight improvement overall.

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(For The Week Ending October 29, 2010) QE 2 !!! Chart 1. Crude Oil Futures Chart 2. Crude Oil Futures Curve Chart 3. Weekly Change in U.S. Crude Oil and Distillates Stocks Chart 4. Crude Oil, Gasoline and Distillate Fuel Implied Demand Chart 5. Crude Oil Implied Demand Seasonality Chart 6. U.S. Total Crude Oil, […]

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(For The Week Ending October 29, 2010) Working gas in storage rose 67 Bcf from previous week. Consensus was at 64 Bcf. Colder weather has arrived and this has always been positive for natural gas price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures […]

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(For The Week Ending October 30, 2010) Initial jobless claims in the U.S. were reported at 457.000. The consensus was at 442.000, last week revised (up 3.000) reading was at 437.000. Again, the decrease did not get confirmed by next week reading. DOL again miscalculated the seasonal effects (Columbus day). Chart 1. U.S. Initial Jobless Claims

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(For October 2010) Monster Employment Index fell to 136 in October; September reading was at 138. Monster Employment Index is a gauge for online job demand; so no changes here. Charts 1. Monster Employment Index

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And the view from the man himself. The Washington Post: What the Fed did and why: supporting the recovery and sustaining price stability. By Ben S. Bernanke Thursday, November 4, 2010 Two years have passed since the worst financial crisis since the 1930s dealt a body blow to the world economy. Working with policymakers at […]

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This is the best QE2 analysis out-there. FT Blogs Post: QE2 is about asset prices, not the economy

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$600 million over 8 months. More than consensus, but less what was expected before WSJ story. The pace of asset buying on lower bound of expectations. FED Press Release. Slow recovery confirmed. Core inflation measures moved lower. Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in […]

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(For September 2010) U.S. factory orders rose 2.1% in September. The consensus was at 1.8%, prior reading was at 0.0% (revised from -0.5%). Factory shipments rose 0.4%, August reading was at  -0.2%. Chart 1. U.S. Manufacturers New Orders & Shipments

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(For October 2010) ISM Non- Manufacturing Index was reported at 54.3 vs. 53.5 consensus and 53.2 reading in September. Chart 1. ISM Non- Manufacturing Index

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(For October 2010) ADP Employment rose 43,000 in October vs. revised (up 37,000) loss of 2,000 in September. Consensus was at +20,000. Nonfarm payrolls on Friday (rule of thumb) could be close to the consensus of 60.000. Chart 1. ADP Employment

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(For The Week Ending October 29, 2010) MBA mortgage applications fell 5.0%; Prior reading was an increase of 3.2.%; On year level MBA Basic Index is up 29.4%. Chart 1. Mortgage Bankers Association Basic Index SA MBA Refinancing index fell 6.4%; Prior reading was an increase of 3.0.%; On year level MBA Refinancing Index is […]

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(For October 2010) Challenger’s count of layoff announcements was reported at 37,986 in October vs. 37,151 in September. Chart 1. Challenger Job-Cut Report

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Irish spreads reached a new high today an German demands of determining a burden sharing plan on any future bailouts. In short Germany refuses to underwrite all of the peripheral Europe new debt. This raised some restructuring talk in the markets. In the mean time Ireland is working on a 2011 budget, it remains to be seen whether they can bring […]

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In the last month global economic outlook has improved a bit. In U.S. we can see some signs of retail sales and manufacturing activity growing at soft rates, but growing; at the same time employment, housing, construction spending, durable goods orders are stagnating. Recent fall in initial jobless claims has to be confirmed this week as […]

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