Friday, August 5, 2011

Employment Report

Calculated Risk, last night:
Tomorrow the BLS will release the July Employment Situation Summary at 8:30 AM ET. Bloomberg is showing the consensus is for an increase of 75,000 payroll jobs in July, and for the unemployment rate to hold steady at 9.2%.
I'll take the under.  I'll be impressed if it is over 40,000.  We'll see how the markets react to that.

Update: I lost. 117,000 is not bad.

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