Posted on 09/02/2016 3:37:13 AM PDT by expat_panama
Wall Street economists expect Friday's jobs report to show that the economy added 180,000 jobs in August as the jobless rate dipped to 4.8%.
That would be a solid gain, but not likely strong enough to prompt the Federal Reserve to raise interest rates at its September meeting, especially after Thursday's surprisingly weak ISM manufacturing index.
Other details also will be key: What happened to the workweek...
...wage growth is likely to surprise on the upside...
...what would it take to prompt the Fed to action later this month, instead of waiting until December for the next hike, as markets currently expect?
"It will have to be a real blockbuster to trip a September move,"...
...IBD'S TAKE: With wage growth picking up, investors may want to focus on companies with a strong enough position in their markets to withstand labor inflation without suffering a hit to profit margins. Read this Investor's Corner on studying profit margins and check out IBD Stock Checkup to see how your stocks rate.
Some Fed policymakers have said that the economy is close to full employment...
..."A slowdown (in job creation) may very well be needed to avoid overheating and cause the Fed to tighten policy faster than expected," the Wells Fargo team wrote.
(Excerpt) Read more at investors.com ...
Is this the correction or a correction of the correction?
With unemployment dipping under 5%, than that means that we can cut millions of people from welfare and food stamps right?
Who knew that Obama would bring us near full employment!
Whatever numbers are put out by the Labor Dept. will be false as they all have been since 0bama entered the WH.
The monthly job numbers are whatever Obama wants them to be...
It's Friday!!! Before the 3-day weekend we got stocks mixed flat in mixed lower volume and futures are mixed flat for stocks too but for metals they're undicided at +0.02%.
It's like nobody came to work today; they'll mus out on all this:
8:30 AM Nonfarm Payrolls
8:30 AM Nonfarm Private Payrolls
8:30 AM Unemployment Rate
8:30 AM Average Hourly Earnings
8:30 AM Hourly Earnings
8:30 AM Average Workweek
8:30 AM Trade Balance
10:00 AM Factory Orders
--other threads--
--and other news:
Complacency Amid Terrifying Possibilities - Byron Wien, Blackstone Group
Are Stocks Ready For a Trump Victory? - Anthony Mirhaydari, Fiscal Times
This Could Be September to Remember for Investors - William Watts,MW
Trump's Wrong: NAFTA Was Good for U.S. & Mexico - Paula Dwyer, BBW
Control Inflation? We Must Understand It First - James Athey, Telegraph
An Ongoing Renewable Energy CrackUp - Marita Noon, American Spectator
How Oil Fat Cats Suck Up Your Cash - David Cay Johnston, The Daily Beast
Why would we continue to acknowledge a statistic we know to be useless? Do you log into your own bank acct in the morning or someone else’s and pretend it’s yours?
No, it’s the variable seasonal adjustment of the wild arsed guess compiled by government stooge economist and Obama voter Sally Satchelbottom in Reston, VA.
the UNemployment rate is not 4.8%... it is more like 48%.
I would argue that half of the country is not working.
More likely the ‘pre-correction’ that will look better than the inevitable correction that will happen after the election.
As if anybody believes numbers put out by this government.
If 95 million are not working and the rest of the population includes children and those with true mental and physical handicaps unable to work, you are likely correct in the 48% unemployment rate.
A great man once said "all the gov't numbers on jobs are lies and we know that because the govt's participation rate is low and the govt's numbers never lie!!!"
tx fer the heads up. IIRC WolfStreet has accurately predicted five of the last three recessions.
The Labor lirs are saying that an average of 263,000 applied for UNemployment, and if they are only creating 230,000 jobs per month, then you have an additional 822,000 people who are no longer in the workforce, every month.
A 29k miss, 151k vs projected 180k. Obama has the worst economic record of any in recent history. MSM will not cover it because Hillary is hurt by it!
Let me clarify that now that the numbers are out
The USDOL say that 263,000 people per WEEK are applying for Unemployment.
Today they say that the economy is only creating 155,000 jobs per month.
The net delta here is still in the 900,000 range of applicants for unemployment, and the number of jobs being created. That’s like 12 million jobs per year that are...gone, lost, disappearing.
over the last 8 years that amounts to 86 MILLION jobs.
Now obviously there is a certain amount of people who get fired, seasonal layoffs, etc. but even if that amounts to half...we are talking about an economy that is not circling the drian...it has already gone down the pipe.
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