Friday's Payroll Report...

Discussion in 'Wall St. News' started by MattF, Jul 1, 2010.

  1. MattF


    not looking too hot...

    Consensus figures are calling for payrolls to fall by 100,000 jobs, and the nation's unemployment rate to edge higher to 9.8% from 9.7%. .

    This after ADP reported a mere 13,000 jobs added in the private sector. The service sector added 30,000 jobs and manufacturing gained 16,000, but the goods-producing realm lost 17,000 jobs in June and construction also lost 35,000 jobs this month (though the report said the backslide is the smallest since July 2008).

    Gee and I thought things were bottoming out! :)

    (oh wait it'll come in like at 30K lost "beating consensus")
  2. Based on the price-action today I'm expecting an upside surprise tomorrow.
  3. jasonc


    You may be right since every where you look the expectations for this report seems to be very negative. That being said if it is a low volume day the swings could be insane. Interesting to see what happens with the currency markets also after today
  4. TGregg


    Green shots! Green shots!
  5. Sucks to be a recent college grad.
  6. The truth is nobody cares about tommorrows #. The reality is a depression is now on our door step and nobody can stop it. So let the black boxes screw around and spike the mkt but over the next year the mkts a goner.
  7. Created or saved.

    Hope and change.
  8. the construction jobs are lost in the middle of the summer. :eek:

    what happens in the fall/winter? looks quite bad.

    "The Associated General Contractors (AGC) of America reported yesterday, June 30, that construction employment is continuing to suffer drastic declines in 294 out of 337 major metropolitan areas due to weak private, state and local construction demand and lack of long-term projects caused by delayed federal infrastructure bills."
  9. pspr


  10. Really. Can you imagine a KGB meeting? "Stand back Comrades. They destroy themselves better than we."

    I saw that quote, and just shrugged. Hard to believe you can be that stupid and stand upright.
    #10     Jul 1, 2010