Downtown's June NFP Preview

Today’s better than expected data on the jobs front puts us all on the edge of our seats for the official BLS non farm payrolls report due tomorrow covering the month of June.

The official consensus is 93,000 jobs.  For context, non-farm payrolls rose only 69,000 in May and April’s report was revised lower to 77,000 jobs added.

For this month, look for hiring to grow in the following areas:

1.  Summer Intern Wranglers

2.  Angry Birdkeepers

3. Gay wedding planners

4. Gay divorce attorneys

5. America’s Got Talent contestants

6. Journalistic phone hackers

7. Photography app creators

8.  Libor compliance officers

9.  Pinterest consultants

10. Food truck mechanics

All else being equal, the stakes are high for the headline number, especially given that all the data today was BTE, a summary from my man Julian at The Basis Point:

ADP Jobs Report
– ADP private Jobs (June 2012) +176,000.
– This is better than the two previous months.

Initial Jobless Claims  (week ended 6/30/2012)
– New Claims 374,000. Down from previous (revised) 388,000.
– 4-Week moving Average 387,750.

Challenger Job Cuts
– Challenger Announced Job Cuts for June were 37,551
– Down from previous month’s 61,887.

Personally, I’m looking forward to all the jerkoff strategery that accompanies these numbers which finds everyone trying to get inside the head of the Fed (What does this mean for QE3? Further off? Sooner?).

Anyway, I’ll probably be golfing upon the release.  Or maybe not, I don’t know.  You can see how important I think this single prone-to-revision data point is.








What's been said:

Discussions found on the web
  1. pinewswire commented on Sep 22

    … [Trackback]

    […] There you will find 93034 more Information to that Topic: […]

  2. immediate edge commented on Oct 01

    … [Trackback]

    […] Find More here on that Topic: […]

  3. DevOps Consulting commented on Nov 10

    … [Trackback]

    […] Find More on to that Topic: […]

  4. 안전놀이터 commented on Dec 24

    … [Trackback]

    […] Here you can find 25804 more Information on that Topic: […]

  5. fake watches commented on Dec 31

    … [Trackback]

    […] Info to that Topic: […]

  6. Tallahassee Real Estate commented on Jan 12

    … [Trackback]

    […] Find More here to that Topic: […]

  7. judi online commented on Jan 21

    … [Trackback]

    […] Here you will find 40004 more Info on that Topic: […]