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Job Growth Improved Slightly in July; Unemployment held at 9.2%: Surveys

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Job Growth Improved Slightly in July; Unemployment held at 9.2%: Surveys Empty Job Growth Improved Slightly in July; Unemployment held at 9.2%: Surveys

Post by GabrielBerg on Fri Jul 29, 2011 8:55 pm

The Labor Department will release the monthly jobs report next Friday at 8:30 a.m.

Surveys carried out by the major financial news organizations show a wide-ranging set of estimates for the number of jobs gained in July. Both surveys expect the number to be well above the anemic 18,000 and 25,000 we saw in June and May.

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But they also expect the jobless rate to stay at 9.2%.

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Nonfarm payroll estimates (July)
Reuters: +90,000
Dow Jones Newswires: +57,000

Source Linkz:
http://www.reuters.com/article/2011/07/29/weekahead-americas-idUSN1E76S1J720110729
http://link.reuters.com/vyq82s

The Dow Jones article is not online, but here is an excerpt
DJ US DATA WEEK AHEAD: Data Mother Lode To Feature July Jobs Report

By Javier E. David
Of DOW JONES NEWSWIRES


NEW YORK (Dow Jones)--A mother lode of U.S. economic data will greet
investors next week, just as Washington teeters on the brink of a default or a
possible loss of its coveted triple-A rating.

The week's marquee event will be July's payrolls numbers. Labor markets
remain stagnant at best: Only recently did weekly jobless claims dip below the
psychologically important 400,000 mark.

That said, most Wall Street economists expect solid, if unspectacular, growth
in job creation. On average, economists see the unemployment rate steady around
9.2%, with nonfarm payrolls growing by about 57,000.

Presaging the jobs report will be Wednesday's ADP private employment survey.
Given the figure's well-known divergence from government payrolls numbers, some
analysts view it with a jaundiced eye. However, other observers say the ADP
report has helped forecast the overall trend in payrolls. Consensus forecasts
see the number checking in around 100,000.

GabrielBerg
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Join date : 2011-02-27

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