HSBC rumors - NFP down 400k ?????

Don´t want to bother anybody, but BLOOMBERG citing sources HSBC expecting NFP to show 400k jobs lost in SEP figures...any confirmation or are they totally exaggerating ???

 

i think you will find this in reference to the semi annual revisions that are updated tomorrow as well.

be careful when you see the headline figure or wait for all the figures to be released.

they did it a few years ago and the updated revision was negative 800k.

 

that would be incredible to see that kind of job loss....

 

But what if it weren't actually jobs lost?

Two words: birth/death.

 

They meant to say the "FP", Finance Payroll. It could show a drop of 800,000 or more.

 

I don't understand how such a number is possible; The government would never allow a headline number like that to go unmanipulated.

 

At least trend is clear:

 

if it follows the trend that means that it is about to hit intermediate bottom and rebound to a new high