Depending on the non farm pay roll data, the market is expected to rally soon. If the data comes out as expected it will be a positive sign. Since the data is revised and it will turn out positive. The private sector data will be positive sign. Based on the report this week its clear there is no double dip. The economy is not moving up as expected but its not going down either.
Prior Consensus Consensus Range
Nonfarm Payrolls - M/M change -131,000 -80,000 -160,000 to 75,000
Unemployment Rate - Level 9.5 % 9.6 % 9.5 % to 9.7 %
Average Hourly Earnings - M/M change 0.2 % 0.1 % 0.1 % to 0.2 %
Av Workweek - All Employees 34.2 hrs 34.2 hrs 34.2 hrs to 34.3 hrs
The data is coming out at 5.30 PST
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