Just to put myself on the record I think that the jobs report, due in about an hour, will be below the expected figure of about 100,000. Note that the expected figure is supported by yesterday’s ADP report which found an expansion of 165,000 jobs.
Just to put myself on the record I think that the jobs report, due in about an hour, will be below the expected figure of about 100,000. Note that the expected figure is supported by yesterday’s ADP report which found an expansion of 165,000 jobs.
Oops! Should have taken the over!
For the record I also had the under, so no credit for me.
It occurs to me that was not the brightest bet (if I had any money on it), as we saw strange adjustments on the weekly Initial Claims reports too. That was due to a weird pattern of layoffs (and non-layoffs) in the auto industry. I won’t be surprised if that had impacted the monthly numbers, too.
But it is hard to believe the pattern is positive when industrial production is slowing down all over the world, consumer sentiment is bad, Europe is imploding, etc.