Custom Search

Wednesday, August 4, 2010

Pollyanna looks at the jobs report

So Friday we supposedly have another BBE (Big Bad Event). Big Deal.

ADP has missed forecasts by about 137,000 in 3 out of the last 4 months --so that being the case--you could say that the jobs number Friday (since ADP showed 42,000 this morning) could be closer to 180,000 jobs. Now I know that is terribly pollyanish, but let me throw that out there.

Now wage and salary growth sucks (less than 1%)--but last quarter tax receipts grew 4.5%.

BBE?

Doubtful!!

2 comments :

Anonymous said...

Stick to stock market projections. Your economic projections are about as good as Rosie's stock market projections. From your housing recovery to job growth, it just ain't happening.

Palmoni said...

ACtually that is what Deutsche Bank is saying