This will be "unexpected", except to FReepers. Mostly Freepers who've noticed that UE claims have been way up over the past few weeks. Dunno how companies can be laying off more people than usual, and "experts" think that employment will be up.
I'll go waaaaaay out on a limb and say that the market will be down a bunch today.
My “morning note” from BofA/Merrill Lynch said:
- U.S. Payrolls Probably Picked Up in June
- Non-farm payrolls est 100K; private payrolls est 125K
Morning note from the NYSE:
- On the economic calendar today, the government will release its monthly jobs report before the market opens. Economists are expecting employers to have added 150,000 jobs in June, after adding 54,000 jobs in May. The unemployment rate is expected to dip to 9.0%, from 9.1% in May
Oops...
Obama will blame it on Zanny the Nanny.
These people float numbers all over the place
they said GREAT NEWS the other day of 157,000- but today it is 18,000
It is HIGH SCHOOL GOVERNMENT day in the white house, for 4 years