Here’s Your Last Chance To Preview Friday’s “All-Important” Jobs Report
We'll get jobs on Friday and after Thursday's ADP beat, there's a palpable sense of optimism out there as evidenced by the overnight risk-on mood.
Here are the estimates:
Change in Nonfarm Payrolls, est. 182,000, prior 211,000
Change in Private Payrolls, est. 175,000, prior 194,000
Change in Manufact. Payrolls, est. 5,000, prior 6,000
Unemployment Rate, est. 4.4%, prior 4.4%
Average Hourly Earnings MoM, est. 0.2%, prior 0.3%
Average Hourly Earnings YoY, est. 2.6%, prior 2.5%
Average Wee
Manipulation, is the word as the hokey/hinkey, adjusted/readjusted stink of “Da Fed” (said like ‘Da Bears’) covers their tired numbers again. Let’s just make-up some “good-nuff” BS to sling on the wall and see what sticks (adjusted down later). They know they can’t raise rates (will blow-up economy), yet they know they should (nice hole we dug for ourselves). The “Ponzi scheme” continues until the dollar is worthless (less than zero). “Let’s just print up some more cheap $$$$$ and give it to another soon to be defunct non-profitable business/corp”. Yeah that’s the ticket. I love the non-statements from the Fed lackeys as they tell us how wonderful the economy is and how the non-employed are doing (like they give a sh*t), oh how about those wages, folks. Stay nimble, stay safe.