Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Hah this is going to bring out ALL the conspiracy theorists – a 7.8% unemployment rate RIGHT BEFORE THE ELECTION. So Obama can now be elected with a sub 8% unemployment rate (i.e. no president has been elected with a 8%+ unemployment rate blah blah). The reason for this was due to a one time adjustment in the household survey by 873,000. (There are 2 surveys each month, one for the rate and one for the headline figure so this adjustment happened in the rate)
Previous 2 months upgraded by 86,000 jobs.
Participation rate up tiny to 63.6% vs 63.5%.
U-16 = 14.7%
Average workweek up 0.1 hrs to 34.5; average hourly earnings up 7 cents to $23.58.
Full report here.
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
