1. Most Discussed
  2. Gainers & Losers

US Unemployment/Consumer spending

  1. booboo

    26 Posts.

    US Oct nonfarm payroll employment down 5,000; unemployment 5.7 pct

    WASHINGTON (AFX) - Nonfarm payroll employment fell by 5,000 in October from the previous month, the Labor Department said.
    This is the second consecutive month that nonfarm payroll declined, the first two-month string of negative job growth since March-April.

    The nonfarm payroll decline was unexpected. The consensus forecast of Wall Street economists was for total nonfarm payrolls to rise by 4,000 in October. The unemployment rate rose to 5.7 pct in October from 5.6 pct in September. This was slightly below Wall Street expectations that the unemployment rate to rise to 5.8 pct.

    US September consumer spending down 0.4 pct; personal income up 0.4

    WASHINGTON (AFX) - Consumer spending fell 0.4 pct in September from the previous month, while personal income rose 0.4 pct, the Commerce Department said.
    This is the first decline in consumer spending since last November. The fall was driven by a decline in spending on durable goods, such as automobiles.

    Both consumer spending and personal income were weaker than expected. The consensus forecast of Wall Street economists was for a 0.1 pct drop in consumer spending, and an increase in income of 0.5 pct.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.