Today at 7:30am (Central time) the Bureau of Labor Statistics will release the September 2012 Non-Farm Payrolls report.
The market is forecasting a U-3 unemployment rate to remain stable at 8.1% and 120k net new jobs. August reported 96k.
Average workweek hours forecasted to remain stable at 34.4 hours per week.
It is more important to focus on jobs created than the U-3 rate. Also jobs created after discounting for government jobs. What happens to the U-6 rate?
Copyright ©2012 Mark Shore. Contact the author for permission for republication at email@example.com Mark Shore has more than 20 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com