US non-farm payrolls rose by 80,000 in October while the gain in August and September was revised up by 102,000. These numbers are consistent with the recent strength of withheld tax receipts – see previous post.
The Monster index of online vacancies, meanwhile, rose solidly in October (after adjusting for seasonal variation), suggesting a further employment increase into year-end. The Monster index rolled over well before the onset of the last recession in December 2007.
