U.S. nonfarm payrolls rose by 56,000 in October after a revised 8,000 loss in September, the agency said. The unemployment rate fell to 5% in October from 5.1% in September.
But just a few days ago, Hurricane Job Losses Top 500,000,
The number of people who lost their jobs because of hurricanes Katrina and Rita has now climbed above the half-million mark with further increases expected in coming weeks from Hurricane Wilma.
. . . In a separate report, the Labor Department said that orders to U.S. factories for big-ticket durable goods fell by 2.1 percent in September, a bigger drop than the 1.5 percent decline economists had been expecting.
OK, I’m just a stupid blogger. I don’t understand. Someone explain to me.