Look for a bad jobs # at 8:30 AM and a big drop on the open. The
consensus # is about 325,000 jobs lost.
According to the Dallas Morning News, "TrimTabs says the U.S.
economy probably lost 488,000 jobs in July . . . based on
unemployment insurance survey results, TrimTabs also expects the
U.S. Bureau of Labor Statistics to revise its job loss estimates
sharply higher for the first half of the year.
http://economywatchblog.dallasnews.com/archives/2009/08/more-on-us-jobs-from-trimtabs.html
Also, in 2008 the Birth/Death model contribution of phantom
jobs was much less in July and Aug than the spring. A lower
adjustment for July 2009 would make a higher unemployment # than
expected.
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Jobs #
Posted by hoshour on 6th of Aug 2009 at 02:53 pm
Look for a bad jobs # at 8:30 AM and a big drop on the open. The consensus # is about 325,000 jobs lost.
According to the Dallas Morning News, "TrimTabs says the U.S. economy probably lost 488,000 jobs in July . . . based on unemployment insurance survey results, TrimTabs also expects the U.S. Bureau of Labor Statistics to revise its job loss estimates sharply higher for the first half of the year. http://economywatchblog.dallasnews.com/archives/2009/08/more-on-us-jobs-from-trimtabs.html
Also, in 2008 the Birth/Death model contribution of phantom jobs was much less in July and Aug than the spring. A lower adjustment for July 2009 would make a higher unemployment # than expected.