February Employment Report

[Tilted]

The data is due out at 8:30 AM. Markets are pretty curious about the numbers coming out today - I think part of yesterday's sell off was fueled by growing anxiety leading up to them. Are we gonna see the heavily steepening decline which hints that the jobs market is in the capitulation phase, and a bottom is near? Predictions?


Consensus expectations:

-650,000 Non-farm Payrolls

8.0% Unemployment

 

[Beaver-Cleaver]

The data is due out at 8:30 AM. Markets are pretty curious about the numbers coming out today - I think part of yesterday's sell off was fueled by growing anxiety leading up to them. Are we gonna see the heavily steepening decline which hints that the jobs market is in the capitulation phase, and a bottom is near? Predictions?


Consensus expectations:

-650,000 Non-farm Payrolls

8.0% Unemployment

BREAKING NEWS: U.S. economy sheds 651,000 jobs in February; unemployment rate rises to 8.1 percent

 

[Tilted]

February Non-farm Payrolls -651,000

Unemployment Rate up to 8.1% from 7.6% (worst since Dec 1983)

Average Hourly Earnings +0.2%

The revisions are more telling though:

December Non-farm Payrolls to -681,000 from -577,000
January Non-farm Payrolls to -655,000 from -598,000