Posts Tagged ‘non-farm payrolls’

Notes From Underground: Friday is unemployment and we will need the patience of JOB

September 2, 2010

The unemployment data has become much more difficult to trade as the breakdown of information is filled with so much countervailing data. We need to look at the private sector job creation as the census jobs roll down, then the average hours worked because average hourly earnings take on more importance as an indicator of possible increased consumer spending. However, the overall jobless rate may stay the same or go higher. The consensus number for non-farm payrolls is 105,000 lost , but we caution to wait for the full breakdown before getting too excited.

(more…)


Follow

Get every new post delivered to your Inbox.

Join 1,533 other followers