Jobs Day Tomorrow

December 4th, 2014 at 3:13 pm

Here are the expectations, courtesy of Bloomberg:

jobs_expect

Source: Bloomberg

My own model comes in below consensus, at around 210K, driven by the weaker ADP and softer claims data. I’ll be looking for any signs of faster wage growth and continued stabilization of the labor force. I’m concerned that the strengthening dollar could be taking a toll on factory jobs, though such dynamics take awhile to work through the system (the trade deficit has been stuck at around 3% of GDP for a few years now). So maybe I’ll look there tomorrow as well.

First impressions up shortly after 9am, I hope. Slated to play some chin music on MSNBC at 10am on the jobs report, so see you there.

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