June Jobs Report

[Tender Branson]

When do they come out?  Is it today, or is it next week?  I assume it's next week, because I've heard absolutely no chatter about it on Yahoo Finance, CNN Money, or here.

What is it expected to look like? Any improvement from May's numbers?

Next week.

[Tender Branson]

Probably something like 100-200K more jobs.

Rate should be down to 9%

[Tender Branson]

Jobs data slightly improved last month:

NEW YORK (CNNMoney) -- The job market got two optimistic signs Thursday as private sector employers added 157,000 positions in June and fewer people filed new claims for unemployment benefits, according to two reports.

Economists were expecting a gain of just 60,000 private sector jobs, according to consensus estimates from Briefing.com.

...

In a separate report Thursday, the Labor Department said the number of first-time filers for unemployment insurance fell by 14,000 to 418,000 last week. Economists expected 425,000 initial claims.

The 4-week moving average, which aims to smooth out volatility, came in at 424,750. That's a decrease of 3,000 from the previous week's average.

http://money.cnn.com/2011/07/07/news/economy/jobs_claims_ADP/

[Tender Branson]

Jobs data slightly improved last month:

NEW YORK (CNNMoney) -- The job market got two optimistic signs Thursday as private sector employers added 157,000 positions in June and fewer people filed new claims for unemployment benefits, according to two reports.The 4-week moving average, which aims to smooth out volatility, came in at 424,750. That's a decrease of 3,000 from the previous week's average.

The jobs report is the ADP report.  Their sample is soley ADP clients.  Now that's a big chunk of employment, but hardly representative of all (and excludes all government jobs).  The BLS report tomorrow will give a more accurate jobs picture (ADP is rarely close to the BLS numbers).

There's not a really big difference between ADP and BLS when looking at the trend line:

[Tender Branson]

+18.000 overall

+57.000 in the private sector

- 39.000 in the government sector