At least I hope it’s jobs day and not lack-of-jobs day. The consensus guesstimate is 50,000-80,000 on payrolls, obviously not a great number, but consistent with the fact that GDP grew less the 1% in the first half of the year.
I’ll be looking for:
–private vs public: are we still adding the former and shedding the latter?
–long-term unemployment: are more of the unemployed stuck there (relevant for UI extension in the jobs plan)?
–employment rate: is it still stuck in mud?
–wage growth: high unemployment can hurt job holders too, by slowing wage growth
I won’t be able to give a flash response at 8:30 when the numbers come out because I’ll be on CNBC talking about them at 8:40. But will post shortly thereafter.