Project Description
US
S&P500 +2.42%(2,723.06); NASDAQ +2.65% (7,356.99); DJIA +2.36% (25,270.83)
This week’s reports:
October’s Unemployment Rate remained unchanged from September’s 49-year low of 3.7%. Non-Farm Payrolls rose 250K from September’s +118K. Labor Force Participation Rate rose to 62.9% from September’s 62.7%.
October’s Average Weekly Hours rose to 34.5 from September’s 34.4. Average Hourly Earnings rose 3.1% y/y, their fastest pace in almost a decade, versus September’s +2.8% y/y.
Q3 2018 Non-farm Productivity (prelim.) rose 2.2% from Q2’s +3.0%. Unit Labor Cost rose 1.2% from Q2’s -1.0%.
September’s Personal Income rose 0.2% from August’s +0.4%. Personal Spending rose 0.4% from August’s +0.5%.