Friday, December 04, 2009

Employment Report Forecasts

by Bill McBride on 12/04/2009 12:16:00 AM

Just a few forecasts ...

From CNBC: Look Ahead: Jobs Report Has Markets on Edge

Economists expect November's decline in non farm payrolls to come in at about 125,000, and unemployment is expected to hold steady at 10.2 percent. ... Bill Stone, chief investment strategist at PNC Wealth Management ... said PNC expects job losses of 150,000 for November.
From MarketWatch: Another 100,000 jobs lost, economists predict
Another 100,000 jobs were destroyed during November, according to the median forecast of economists surveyed by MarketWatch. It would be the 23rd consecutive month of job losses, the longest losing streak since the 1930s.

The official unemployment rate is expected to remain at 10.2%, the highest since 1983.
Goldman is forecasting the report will show 100,000 net jobs lost in November.

Best to all