- S&P Stocks Trading at New 52-Week Highs
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Time to Buy Treasurys?
- Lightning Round: Las Vegas Sands, ADC Telecom, Satyam Computer and More
- Lightning Round OT: Knight Capital, Ebix and More
- Is Lear, Back From Bankruptcy, a Buy?
- Sanofi-Aventis Falling Off a Patent Cliff?
- Cramer: Your Thanksgiving Week Game Plan
- Your First Move For Monday November 23rd
- Burned By JPMorgan, Whirlpool & More
MOST SHARED
- Wall Street Finds Profits by Reducing Mortgages
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Kraft Weighs Higher Cadbury Bid as Rivals Circle
- MBS Buyback Program Should be Extended: Fed's Bullard
- China Wind Power Reportedly Seeking $2.2 Billion in IPO
- Volkswagen to Triple China Sales by 2018
- China Should Stop Property Stimulus Now: Central Bank
RSS FEED
Text Size 
Today's report on non-farm payrolls showed a loss of 20,000 jobs and a drop in the unemployment rate, now down to 5.0% from 5.1%. The latest overall job loss numbers are much better than economists expected and still well below the six figure numbers seen in past recessions. In the 2001 recession, monthly losses hit a high of 325,000. The 1990-91 recession peaked at 306,000 losses. As you can see from the chart below, numbers peak toward the end of a recession (recessions are marked by grey bands), making employment a lagging indicator.
 |
Here is a breakdown of where the job losses were as well as which sectors were adding jobs. Worst hit continue to be construction and manufacturing. Education, Health Care and Professional Services added the most jobs.
Total change in non-farm payroll = - 20,000
- Private Sector = -29,000
- Natural Resources & Mining = -3,000
- Construction = -61,000
- Manufacturing = -46,000
- Services = +81,000
- Wholesale Trade = -10,600
- Retail Trade = -26,800
- Transportation = +1,200
- Utilities = Unch
- Information & Media = -2,000
- Financial Svcs & Real Estate = +3,000
- Professional & Business Svcs = +39,000
- Education & Health Svcs = +52,000
- Leisure = +18,000
- Government = +9,000
On the news, the markets are poised to continue their rally. Leading the Dow [.DJIA
Loading...
()
] in gains on the open are Citigroup [C
Loading...
()
], GM[GM
Loading...
()
], Bank of America [BAC
Loading...
()
], AIG[AIG
Loading...
()
], and American Express [AXP
Loading...
()
].
- Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- A Macau casino will open Asia's first Michael Jackson shrine after its owners made a key purchase at a US auction.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes