Archive for the ‘Federal Reserve’ Category

Jobs Report: Upside Surprise on Payrolls!

November 8th, 2013

Payrolls were up 204,000 last month, well above expectations, and the unemployment rate ticked up slightly to 7.3%, due in part to the government shutdown, which lasted through the first half of the October. The payroll number is a big, upside surprise (MarketWatch called it “shockingly strong”).  Even though, as explained below, furloughed government workers… Read more