It is a key report. If we get worse than 5%, fears of recession may turn into panic. Anything less than 5%, the market may keep slowly rallying. Today initial claims were 375k, consensus 320k, which is a very bad sign.
There could be a bad surprise as the FED already knows the data and hence a 50 bp cut instead of 25 bp cut. The BLS have to adjust the Births and Deaths model of the data to reflect reality., In 2007 this B and D model accounted for 89% of all employment. In 2008 the B and D wont as influential in the numbers. The BLS method is hopless on a turning economy. Watch out !
It won't matter. The Fed has pumped up the market with so much liquidity that in the short term, stocks will go up and up. I'm looking for strong jobs data.
doesnt matter what the number is, the fedral reserve will step in if the dow is off more than 100 points, all they know is that the federal reserve is here to create bull markets and thats it......
thats what they have been doing for the last 6 months, pumping it up to keep it from dropping into a huge bear market, they think they can keep pumping and pumping and pumping these markets with liquidity and that in the long run everything will be just fine.....well thats not the way it works......they think by adding liquidity that they are going to help the biggest credit bubble in history....
You have no freaking clue what you are talking about. The FED has not been pumping for the last 6 months.