US NFP Report October 2014

Time flies by rather fast and we are going to get the October NFP report on Friday. Expectations call for an increase of 228K jobs and an unchanged unemployment rate of 5.9%. I have not been impressed with the NFP reports so far as we do get the quantity (which is less than a healthy economy would produce) and lack quality. Replacing full-time jobs with part-time positions is a train wreck waiting to happen. Let’s see how ‘good’ October was for the US labor market.