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Re: Nightridertwou post# 9234

Thursday, 02/06/2014 2:42:53 PM

Thursday, February 06, 2014 2:42:53 PM

Post# of 46663
Hi NR, 100k to 125K is my guestimate, consensus is a broad 125k to 270k.

Market Consensus before announcement
Nonfarm payroll employment in December grew a meager 74,000, following a revised increase of 241,000 for November and after a revised gain of 200,000 for October. Private payrolls gained 87,000 after rising 226,000 in November. The unemployment rate declined to 6.7 percent from 7.0 percent in November. The rate declined due to a sharp drop in the labor force. Household employment rose 143,000 in December but the labor force dropped 347,000. Wage growth came in at a modest 0.1 percent, following a 0.2 percent rise in November. The average workweek nudged down to 34.4 hours from 34.5 hours. The median forecast was for 34.5 hours.

SPECIAL NOTES: The BLS will release annual benchmark revisions and updated seasonal adjustment factors for the Establishment Survey (payroll employment) on Friday Feb 7th. Seasonally adjusted data beginning in January 2009 and unadjusted data beginning in April 2012 will be subject to revision. Effective with this release, new population controls will be used in the Household Survey estimation process. The new controls reflect the annual updating of intercensal population estimates by Census.