Unemployment Plunges to 4.4% in October

[Swing low, sweet chariot. Comin' for to carry me home.]

92,000 jobs added in October

148,000 jobs added in September (versus the 51,000 first reported)

230,000 jobs added in August (versus the 188,000 previously reported)

Workers’ average hourly earnings climbed to $16.91 in October, a sizable 0.4 percent increase from September.  That increase was bigger than the 0.3 percent rise economists were expecting. Over the last 12 months, wages grew by 3.9 percent.

The average time that the unemployed spent in their search for work in October was 16.5 weeks, an improvement from the average 17.4 weeks registered in September.

http://www.msnbc.msn.com/id/15543862/

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Very nice.  Not too hot, not too cold.

[Swing low, sweet chariot. Comin' for to carry me home.]

[sarcasm]These figures were released just in time for the election - very suspicious, don't you think?[/sarcasm]

The release dates of economic data are published months in advance. 

For employment numbers, I believe the date it is the first Friday of every month.  Been that way for at least 10 years.

[Swing low, sweet chariot. Comin' for to carry me home.]

[sarcasm]These figures were released just in time for the election - very suspicious, don't you think?[/sarcasm]

The release dates of economic data are published months in advance. 

For employment numbers, I believe the date it is the first Friday of every month.  Been that way for at least 10 years.

slight correction:

First Friday of the month at 8:30 ET

The time of day the data is released is also known months in advance.  Having exact release dates and times for economic reports obviously makes sense, since that way everyone will know the exact time to expect a report and no one in the market gets the data before anyone else.

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Notice the sarcasm tags? No need to explain it - I was just being facetious.

Cool.  I figured you were too knowledgable to have been serious.

[Swing low, sweet chariot. Comin' for to carry me home.]

but I question on how long we can maintain such a low unemployment rate.  Like in the DC area where we actually have an employment shortage, salaries are getting a bit too high to be sustained for a long period of time.  Companies are going to have to start trimming back some.

yeah, the bond market didn't like the report.