With Treasury yields this low, who needs QE3? And by extension, does today?s nonfarm payrolls report matter to the financial markets?
If you're hoping for the Federal Reserve to announce more easy monetary policy at its August meeting, then tomorrow's June jobs report will need to show a negative nonfarm payrolls number, Morgan Stanley's David Greenlaw says. Howev... Read Post
Ahead of September's Non-Farm Payrolls report, Goldman Sachs (GS) is ominously lowing their numbers. Via ZeroHedge: Downgrading Our Sept Payroll Forecast BOTTOM LINE: We are changing our forecast for the September change in nonfarm ... Read Post
Friday morning, we get the biggest labor market indicator of the month: February nonfarm payrolls (NFP), due out at 8:30 AM ET. Economists expect nonfarm payrolls to rise by 165,000 after adding 157,000 the month before. Private pay... Read Post