The September employment report will be released next Friday, October 3rd, and the consensus is that 200 thousand payroll jobs were added in September and the unemployment rate was unchanged at 6.1%.Here are two forecasts:From Merrill Lynch:
Friday's jobs report was a big disappointment. But looking beyond that report, one economist raised serious doubts that the American economy was suddenly falling apart. Tom Porcelli, chief economist for RBC Capital Markets, argues the jobs report seems out of sync with most other economic indicators.
The median forecast of economists polled by Bloomberg is for tomorrow's jobs report to reveal that 197,000 workers were hired to nonfarm payrolls in December. The highest estimate is 250,000 — a forecast shared by Joe LaVorgna, chief U.S. economist at Deutsche Bank, and Ian Shepherdson, chief economist at Pantheon Macroeconomics.
All eyes are already on the January jobs report, which will be released this Friday. But Peter D'Antonio at Citi is warning that a slew of "special factors" make this particular employment report difficult to forecast.
According to the consensus estimate, the U.S. added 140,000 nonfarm payrolls in April. This number is derived from a survey of Wall Street economists conducted by Bloomberg. The range of estimates goes as low as 100,000 and as high as 200,000.
Payroll processing firm ADP just released its monthly National Employment Report — which estimated that 238,000 workers were added to private-sector payrolls in December — and Treasuries are taking a hit in the wake of the release.
This is a bit of a bombshell: according to a new study by researchers at the Federal Reserve Bank of New York, the employment-to-population ratio — a widely-touted measure of purported slack in the labor market — is a misleading indicator.
OTTAWA — Stephen Poloz is inheriting an economy that is stumbling but still managing to look respectful compared to many other advanced nations.
Still, Mr. Poloz, who took over from Mark Carney as Bank of Canada governor on Monday, will have plenty to answer for when he appears later this week in front of the House of Commons finance committee.
ETF Database submits: With the American economy treading water, many are looking north for investment opportunities in the resource-rich nation of Canada. While Canada’s financial system has held up better in the wake of the global economic crisis, it has also seen surging unemployment levels as a result of declining demand for many of Canada’s primary exports. With a recent report out of the U.S.