Current Weather
The Spy FM

Some Mixed Signals From Latest Jobs Numbers

Filed by KOSU News in Business.
November 1, 2012

Three closely watched employment indicators are out this morning:

– Unemployment Benefits. There were 363,000 first-time claims for jobless benefits last week, down from 372,000 the week before, the Employment and Training Administration says. So, as they have all year, claims remain in a range between 350,000 and 400,000.

– Job Growth. “Private sector employment increased by 158,000 jobs from September to October,” according to the latest ADP National Employment Report. That follows a gain of 114,000 from August to September, according to the private management consultants.

– Layoff Plans. “Planned job cuts by U.S.-based employers surged 41 percent in October to 47,724, as a spate of layoff announcements in the wake of weak quarterly earnings reports helped push downsizing activity to its highest level in five months,” outplacement consultants Challenger, Gray & Christmas, Inc. say.

So we have some mixed signals.

Things may get clearer, of course, on Friday when the Bureau of Labor Statistics reports the October unemployment rate and its estimate of how many jobs were added to public and private payrolls. A month ago, it said the jobless rate was 7.8 percent in September and that payrolls rose by 114,000 that month.

According to Reuters, economists it has surveyed expect BLS will say there were 125,000 jobs added to payrolls and that the jobless rate edged up to 7.9 percent in October. [Copyright 2012 National Public Radio]

Leave a Reply

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

Listen Live Now!

10AM to 11PM On Point

On Point

On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today. Leaving no perspective unchallenged, On Point digs past the surface and into the core of a subject, exposing each of its real world implications.

View the program guide!

11AM to 12PM The Story

The Story

The Story with Dick Gordon brings the news home through first-person accounts. The live weekday program is passionate, personal, immediate and relevant to listeners, focusing on the news where it changes our lives, causes us to stop and rethink, inspires us.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center