Since Friday's a federal holiday for Independence Day, the June jobs report will be out a day early today. The bets around economist-land are on a new U-3 figure of 9.6%, up two-tenths of a percentage point, and 363,000 lost jobs, up from May's 345,000.
Me, I'm a pessimist. My years of not being at Harvard Business School and not being a famous economist mean I'm gonna say 9.7% and 400,000 jobs lost.
Numbers will be out after 8:30 AM, as usual. I'll update then.
[UPDATE 8:43 AM] 9.5%, up one tenth of a percent, but 467,000 jobs lost in June, well higher than expected. U-6 figure up to 16.5% from 16.4%.
The "If It's Thursday..." numbers are out too, a slight fall to 614,000 new jobless claims last week, a slight fall to 6.702 million continuing claims.
Still bad bad news all around.
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