Chitchat Friday's Payrolls Report Could See A Big Miss

[krafty]

As DB's Joe LaVorgna explains, the May Nonfarm payrolls (+135k forecast vs. +160k previously) should show a substantial impact from 35k striking Verizon workers during the survey period. Private payrolls are likely to increase by only 125k (vs. 171k). This is one reason why the unemployment rate should remain steady at 5.0% for the third consecutive month. Average hourly earnings (+0.1% vs. +0.3%) could also be impacted by the Verizon workers as there is historical evidence that strikes of similar magnitude have distorted AHEs and hours worked.

http://www.zerohedge.com/news/2016-05-30/why-fridays-payrolls-report-could-see-big-drop

 

[krafty]

Consumers’ outlook for the labor market was less favorable. Those anticipating more jobs in the months ahead was virtually unchanged at 12.8 percent, but those anticipating fewer jobs increased from 16.7 percent to 18.1 percent.

“Consumer confidence declined slightly in May, primarily due to consumers rating current conditions less favorably than in April,” said Lynn Franco, Director of Economic Indicators at The Conference Board.

“Expectations declined further, as consumers remain cautious about the outlook for business and labor market conditions. Thus, they continue to expect little change in economic activity in the months ahead.”

http://www.zerohedge.com/news/2016-05-31/consumer-confidence-plunges-10-month-lows-job-hope-fades

 

[hbk75]

Missed or no miss. Yellen is a big liar and I doubt anyone really listen to her anymore.

 

[krafty]

it's more or less confirmed tonight will be the night

 

[krafty]

Missed or no miss. Yellen is a big liar and I doubt anyone really listen to her anymore.

spot on! she is talking thru her cunt.