skip to main content
North America Weekly

U.S. Labor Market and Monetary Policy; Canada Employment

By Prajakta Bhide and Tetiana Sears
Nov 07, 2011 2:30:00 PM | Last Updated

Last week’s U.S. employment report for October showed the labor market moving in no conclusive direction: net payroll creation of 80,000 was slightly above RGE expectations for a 70,000-jobs gain, but there was no sign of a pickup in the job market, as the pace of job creation slowed from that in prior months. Canadian labor market conditions deteriorated notably in October, registering a steep 54,000-jobs drop in employment, nearly erasing all of September’s impressive 60,900-jobs gain. Although the sharp decline seems overdone (against RGE and consensus expectations of a small monthly gain), overall weakening in labor conditions is broadly in line with our expectations of hiring trends realigning with tepid underlying economic activity.

Access to this content is restricted to RGE clients.

If you have a client code, please enter it here to activate your client account.

Click here for a free trial.

Learn About Our Services:

RGE Research

Our dynamic and intuitive macroeconomic research platform keeps you on top of the extraordinary shifts that transform our global economy, allowing users to uncover unique connections and insights. Discover the resource central banks and that 70% of the world's leading hedge funds, asset managers, PE firms, banks and corporations around the world depend on.

Our market strategists build on the work of our macroeconomic research team, incorporating market dynamics to answer crucial questions and generate actionable investment recommendations. RGE's Market Research and Strategy team gives clients actionable insight across six key asset classes:

• Currencies • Commodities
• Credit • Equity • Gov’t Bonds / Rates
• Emerging Markets • Financials
• Cross Asset Model Portfolio

RGE Strategy

Sometimes, reading research is not enough. Many RGE clients participate at the Roubini Direct Access level to gain a deeper understanding of specific issues. Through interactive live sessions, we engage with world-class thinkers, encourage knowledge sharing, idea generation, risk identification and validation of client initiatives.

Learn More »

For information on becoming an RGE Client, please speak with an RGE Representative in New York at +1 212-645-0010, or in London at +44 (0) 207 092 8850, or email americas@roubini.com for the Americas, europe@roubini.com for Europe, the Midddle East and Africa, and asia@roubini.com for Asia/Pacific.

Publications

Our Research
?

Our Thoughts
?

Outlook Center
?

Central Bank Watch
?

Key Views
?

Scenario Analysis
?
RGE Clients can activate their account by updating Manage My Account

Top 10 Most Read

Our Research
1. Unveiling the New Abnormal
Our Thoughts
2. The Fed’s communication challenge; Ben to say: “read my lips"
Global Macro-Market Outlook
3. Venezuela Outlook: What Would Chavez Do?
Global Macro-Market Outlook
4. Commodities Outlook: The Fundamentals Just Ain’t Right
Global Macro-Market Outlook
5. Brazil Outlook: A New Strategy From the BCB at Last?
Global Macro-Market Outlook
6. India Outlook: Time to Admit the Slowdown Is Structural?
Global Macro-Market Outlook
7. Eurozone Outlook: Some Improvement, but Still Worse Than Necessary
Our Thoughts
8. The minutes of the June BoE MPC meeting: no fireworks just yet
Global Macro-Market Outlook
9. Spain Outlook: The First Rule of Holes Is ‘Stop Digging!’
Global Macro-Market Outlook
10. Indonesia Outlook: Pulling Forward the Pain

ROUBINI FEEDBACK FORUM

What Do You Think?
Weigh in on Roubini.com's new look or report any problems you encounter.

Website Feedback Content Feedback