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NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000

 
TBar1984
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06/03/2011 08:34 AM
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NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
From yesterday the prediction was 183,000. It was lowered to 160,000 after the disappointing ADP numbers.

Current;
DOW -100
Nasdaq -15
S&P -10

Last Edited by TBar1984 on 06/03/2011 10:06 AM
TBar1984  (OP)

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06/03/2011 08:42 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
CNBC Live - [link to www.live-news-stream.com]

Job growth slows to 54,000 in May, rate up to 9.1%
[link to www.marketwatch.com]

"Job growth decelerated sharply in May, the Labor Department said Friday. Total nonfarm payrolls increased by 54,000, much lower than the 125,000 gain expected by Wall Street economists. This is the smallest increase in nonfarm payroll since September. The unemployment rate ticked higher 9.1% in May from 9.0% in the previous month. Economists forecast the unemployment rate to fall to 8.9%..."
Anonymous Coward
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06/03/2011 08:44 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
You can only hold the false illusion for so long.
Anonymous Coward
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06/03/2011 08:46 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
just wait till 2nd quarter earning reports come out at the end thru middle of next month..

and oil prices taking a leap..

will be an interesting summer for sure.
TBar1984  (OP)

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06/03/2011 08:55 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
From Yesterday;

Moody's Warns of Rising Risk on US Credit Rating
[link to www.cnbc.com]

"Moody's Investors Service said Thursday there is a very small but rising risk of a short-lived default by the United States if there is no increase in the statutory debt limit in coming weeks. In a statement, Moody's said it would put the Aaa U.S. rating on review for a possible downgrade if lawmakers in Washington do not make substantive progress in budget talks by the middle of July..."
TBar1984  (OP)

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06/03/2011 09:12 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
gasp
Anonymous Coward
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06/03/2011 09:14 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
From yesterday the prediction was 183,000. It was lowered to 160,000 after the disappointing ADP numbers.

Current Futures;
DOW -135
Nasdaq -25
S&P -15
 Quoting: TBar1984


but barry say's its all bush's fault. lol.........

rofl
TBar1984  (OP)

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06/03/2011 09:33 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
We are Live.

5a
TBar1984  (OP)

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06/03/2011 09:54 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
Denninger's take; Employment Report: Sucks
[link to market-ticker.org]
TBar1984  (OP)

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06/03/2011 10:13 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
alone
TBar1984  (OP)

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06/03/2011 11:17 AM
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Re: NonFarm Payrolls Plunge to 54,000 : UE at 9.1% : Remove Birth/Death Adjustment, REAL NFP MINUS 150,000
popcorn





GLP