Thursday, May 03, 2012

The Night Before the BLS!

The BLS report comes in tomorrow and estimates are all over the map $$.

It seems as if the consensus on new jobs is around 165,000 to 170,000.  Many are already assuming that the number will be much lower, and that may not be bad news as it would spur the Fed to keep stimulating the economy.  On the other hand, it would continue the theme that this economic recovery is the worst in US history.  If the number comes in higher, then the Fed moves to the sidelines and the country gets to worry about rising interest rates.

Always something to worry about!

The outlier is that the number comes in as expected, and nobody has a clue what comes next from the Fed or the economy.

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