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31-05-2016, 05:40 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
As DB's Joe LaVorgna explains, the May Nonfarm payrolls (+135k forecast vs. +160k previously) should show a substantial impact from 35k striking Verizon workers during the survey period. Private payrolls are likely to increase by only 125k (vs. 171k). This is one reason why the unemployment rate should remain steady at 5.0% for the third consecutive month. Average hourly earnings (+0.1% vs. +0.3%) could also be impacted by the Verizon workers as there is historical evidence that strikes of similar magnitude have distorted AHEs and hours worked.
http://www.zerohedge.com/news/2016-0...d-see-big-drop (http://www.zerohedge.com/news/2016-05-30/why-fridays-payrolls-report-could-see-big-drop)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?230469-Friday-s-Payrolls-Report-Could-See-A-Big-Miss&goto=newpost).
As DB's Joe LaVorgna explains, the May Nonfarm payrolls (+135k forecast vs. +160k previously) should show a substantial impact from 35k striking Verizon workers during the survey period. Private payrolls are likely to increase by only 125k (vs. 171k). This is one reason why the unemployment rate should remain steady at 5.0% for the third consecutive month. Average hourly earnings (+0.1% vs. +0.3%) could also be impacted by the Verizon workers as there is historical evidence that strikes of similar magnitude have distorted AHEs and hours worked.
http://www.zerohedge.com/news/2016-0...d-see-big-drop (http://www.zerohedge.com/news/2016-05-30/why-fridays-payrolls-report-could-see-big-drop)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?230469-Friday-s-Payrolls-Report-Could-See-A-Big-Miss&goto=newpost).