The economy added 80,000 jobs in October as the unemployment rate edged down to 9.0%.  The ISM index declined 0.8 points to 50.8 in October while the ISM services index declined 0.1 points to 52.9.  Auto sales increased 1.2% in October.  Productivity increased at a 3.1% pace in the 3^rd quarter of 2011.  Factory orders rose 0.3% in September as construction spending increased 0.2%.  Initial jobless claims fell 9,000 to a level of 397,000 for the week ended 10/29.

• The economy added 80,000 nonfarm payroll jobs in October as the unemployment rate edged down to 9.0%.  Job gains were lower than expected and fell short of the 130,000 jobs needed to keep pace with population growth.
• The ISM index unexpectedly declined 0.8 points to 50.8 in October. 
• The ISM services index edged down 0.1 points to 52.9 in October.
• Auto sales increased 1.2% in October to an annual pace of 13.26 million units. Sales were up 8.9% from a year ago.
• Productivity increased at an annual pace of 3.1% in the 3^rd quarter of 2011, according to the preliminary estimate.  This follows a pace of -0.1% in the 2^nd quarter.
• Factory orders increased 0.3% in September.
• Construction spending was up 0.2% in September.
• Initial jobless declined 9,000 to 397,000 for the week ended October 29^th.