Thursday, December 03, 2009

Jobs Report

It comes out tomorrow. I'm certainly not hoping for bad news in the sense of wanting there to be more economic pain than there actually is, but I wouldn't mind some bad news in the data, as in a big jump in the measured unemployment rate. Maybe that'd light some fires, though I'm so old I can remember when 10.2% unemployment was some kind of nightmare scenario.

Consensus forecast is -125K jobs. Place your over/under bets! I'll go with the under, meaning fewer total jobs/more lost jobs.