Job numbers in 5 mins, -65,000 is the estimate!

Discussion in 'Economics' started by S2007S, Aug 6, 2010.

  1. S2007S


    Nonfarm payrolls are expected to fall 65,000 while PRIVATE-sector payrolls are expected to climb 90,000-100,000. The reason for the expected fall is due to the temporary workers hired to conduct the census are let go.

    Going to be a huge day for volatility in my opinion since the last 2-3 days have been quiet. A loss of over 100k in jobs and a good sell off is on the way, anything -50 to + and markets rally.
  2. S2007S




    Private sector increased 71,000
  3. The key is whether the constant positive spin from our leaders can overshadow the actual poor economic numbers, as has been the case for the last month or so.
  4. Tsing Tao

    Tsing Tao

    market is going to go green. with qe 2.0 coming, you can't stop it. usd cratering.
  5. Bob111

    Bob111 shots..always expect unexpected..
  6. S2007S


    Funny, market was expecting -65,000, market gets -130k.

    Markets opens at the low of the day and trades higher.

    Now if it were the other way around where the unemployment figures came in on the positive side you would see the markets open up huge and stay up nearly all day without the slightest pullback, trading up probably 1%-1.5%. Notice today the buying at the open and the constant push to get the markets out of the red and back into the green. Pretty amusing isn't it.