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ECONOMIC NEWS
US employment rose 80,000 in October. This was less than a gain of 95,000 that economists had expected. However, the jobless rate slipped to a six month low of 9 percent. Also, an upward revision to the prior months’ job gains pointed to a possible gain of strength in the jobs market.
THE WEEK AHEAD
MONDAY: Consumer credit
TUESDAY: NFIB small biz optimism index, 3-yr note auction, EU finance ministers meet
WEDNESDAY: Weekly mortgage apps, wholesale trade, oil inventories, 10-yr note auction
THURSDAY: International trade, jobless claims, import & export prices, 30-yr bond auction
FRIDAY: US Holiday—Veteran’s Day. Markets open, banks closed. Consumer sentiment, French short sale ban ends
analysis written by David Frank
ECONOMIC NEWS
US employment rose 80,000 in October. This was less than a gain of 95,000 that economists had expected. However, the jobless rate slipped to a six month low of 9 percent. Also, an upward revision to the prior months’ job gains pointed to a possible gain of strength in the jobs market.
THE WEEK AHEAD
MONDAY: Consumer credit
TUESDAY: NFIB small biz optimism index, 3-yr note auction, EU finance ministers meet
WEDNESDAY: Weekly mortgage apps, wholesale trade, oil inventories, 10-yr note auction
THURSDAY: International trade, jobless claims, import & export prices, 30-yr bond auction
FRIDAY: US Holiday—Veteran’s Day. Markets open, banks closed. Consumer sentiment, French short sale ban ends
analysis written by David Frank