US News... BLS Jobs Data

http://www.bls.gov/news.release/pdf/empsit.pdf

MoM Change

 Year/mth                                               Sept        Jul        Aug       Sept 
                                                              2010     2011     2011p     2011p                     
Category
Total nonfarm……………..………...  -29        127         57         103

Total private………………………....  109       173         42         137

Goods-producing…………………...     -6         53          -9          18

Private service-providing..………....   115       120          51        119

Government………………………...   -138       -46          15         -34

Unemployment rate held at 9.1%

About 45K telecommunications workers who had been on strike in August returned to their jobs in Sept.

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My Thots.....

At last, behaving and in correlation with ADP & ETA data.
As with the ADP Employment Report, the category  driving growth is the Private Service Producing Industries.
Govt. Sector continues to be the one bleeding and subtracting jobs.

Goods Producing Industries  are not showing significant jobs add; with Manufacturing subtracting 13K jobs.
Surprisingly, Construction added 26K, the harbinger of an incipient turnaround?

Bernanke's Operation Twist is pushing 30 yr mortgage  rates below 4% for the 1st time and with Existing Home Inventory getting lower & lower, the US housing sector could really be turning!!

see below....

http://www.businessweek.com/ap/financialnews/D9Q717681.htm