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Explosion in Uncovered Employment During the Recovery Covered employment is the set of working employees that have unemployment benefits.
More here: Global Manufacturing Contracts 5th Consecutive Month
ADP has announced revised methodology to "enhance" its monthly job reports, no doubt because its prior numbers simply were grossly inaccurate.
Output and new orders both down at sharper rates Employment falls at fastest pace since July 2009 Average output charges pared to steepest degree since December 2009 Summary October’s PMI data indicated a further deterioration in the performance of the Japanese manufacturing sector. Orders and output both continued to fall during the month, while evidence of rising excess capacity led to a first reduction in employment for half a year. Manufacturers also intentionally cut back on their stock holdings as order books deteriorated and the outlook remained uncertain
Greece Coalition Splinters, Austerity Vote Delayed, PM Warns of ‘Chaos’; Another Puppet Show or Is This For Real? In Greece, Prime Minister Antonis Samaras coalition has split.
The Wall Street Journal reports Amid Falling Profit, McDonald’s to Revisit ‘Dollar Menu’ McDonald’s Corp. reported a 3.5% decline in third-quarter earnings as sales slowed more dramatically than expected because of a sluggish economy and a disappointing marketing campaign. "We face softening demand, heightened competition and rising costs in many of our markets," Chief Financial Officer Pete Bensen said.
Original post: Wholesale Price Deflation Hits China’s Factories
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