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<p>[QUOTE=&quot;tradingadvantagetm, post: 1995943, member: 72270&quot;]Last week I gave the outlook for the Non-Farm Payroll data “The consensus for Friday’s NFP is for 90,000 job growth, with an unchanged unemployment rate of 9.1%.”&nbsp; That data is a matter of record now so let’s have a look.</p><p><br /></p><p>1.&nbsp; &nbsp; US Payrolls +80,000</p><p>2.&nbsp; &nbsp; Official Unemployment Rate 9.0%</p><p>3.&nbsp; &nbsp; Unofficial Unemployment Rate (U-6) is 16.2%</p><p>4.&nbsp; &nbsp; Participation Rate steady at 64.2%</p><p>5.&nbsp; &nbsp; Household Survey rose by 277,000</p><p>6.&nbsp; &nbsp; Unemployment fell by 95,000</p><p>7.&nbsp; &nbsp; Average Weekly Workweek was unchanged 34.3 hours</p><p>8.&nbsp; &nbsp; Average Private Hourly Earnings rose 5 Cents to $23.19</p><p>9.&nbsp; &nbsp; Government employment decreased by 24,000</p><p>10.&nbsp; &nbsp; Major revisions come in bullish</p><p><br /></p><p>When released last Friday, most of the enthusiastic talk centered on the revisions made to the two prior reports.</p><p>Bloomberg said the following The headline number for October payrolls was a little disappointing but upward revisions were more than offsetting. Payroll jobs in October posted a gain of 80,000 after rising a revised 158,000 in September (originally 103,000) and increased a revised 104,000 in August (previously 57,000). Market expectations were for a 90,000 boost for the latest month. Revisions for August and September were up net 102,000.</p><p><br /></p><p>As in recent months, greater strength was seen in private nonfarm payrolls which advanced 104,000, following a 191,000 rise in September and a 72,000 increase in August. The October increase was lower than the market median forecast for a 120,000 increase.</p><p><br /></p><p>The revisions are encouraging and hopefully this will soon lead to strong HEADLINE numbers.</p><p>Trade well and follow the trend, not the so-called “experts.”</p><p><br /></p><p>---------------</p><p><b><i>Larry Levin</i></b></p><p>President &amp; Founder- <a href="http://www.tradingadvantage.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.tradingadvantage.com" rel="nofollow">Trading Advantage </a>[/QUOTE]</p><p><br /></p>

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