Wall Street Awaits ISM Manufacturing Index Data

Economic & Earnings Commentary The long-awaited Employment Situation report from the U.S. Bureau of Labor Statistics (BLS) is out this morning. At first glance, it looks paltry: 12K new jobs were filled in October, with downward revisions to the previous two months. The Unemployment Rate remained unchanged at 4.1%. Why the disconnect between the two headline numbers? Because they pull from two different surveys: the 12K job gains comes from the Establishment survey, while unemployment is a reflection of the ...