Econ data expected before Town Hall includes 153,000 new jobs!! [View All]

[papau]

http://story.news.yahoo.com/news?tmpl=story&ncid=716&e=9&u=/ap/20041003/ap_on_bi_ge/wall_street_week_ahead

The Moday Commerce Department August factory orders are expected to show a modest 0.3 percent increase in orders.

The Tuesday Institute of Supply Management services index reading for September is expected to climb to 59.0 for the month, up slightly from the 58.2 reading in August.

The Friday DOL number per "Economists" is estimated at 153,000 jobs created in September.

After Friday DOL payroll survey jobs number is released and found to be low, it is expected that Greenspan will cover Bush's back in time for the Town Hall Debate by saying he remains upbeat about the economic recovery (this lie will be excused by the media as something he had to do to inject some reassurance into the market).

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Note that based on the pretend at home jobs guessing pattern, the 120,000 jobs added to the 24000 real jobs to get the created in Aug 144000 jobs should become only a 30000 fudge factor added to the real added jobs number in Sept. So real jobs added must increase from 24,000 to 123,000 to make the "economist's predictions" look good. It should be interesting.

http://www.bls.gov/web/cesbd.htm

2003 Net Birth/Death Adjustment (in thousands) Supersector Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Total
.................... 128 192 164 -83 124 33 45 30 62

2004 Net Birth/Death Adjustment (in thousands) Supersector Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Total
-321 115 153 270 195 182 -91 120