At 8:15 AM EST (1:15 PM London; 2:15 PM Frankfurt), analysts are expecting 158K jobs with a 4.9% unemployment rate for the Monthly Jobs Report. A 4-handle on the rate will receive attention. Last month was a gain of 160K jobs with a 5.0% unemployment rate. The VZ strike was occurring in full force last month with thousands of telecom workers not counted on the employment ranks so it is a mystery how Verizon will impact the jobs number. Private Payrolls are expected at 150K jobs versus last month’s 171K.
Keystone the Scribe