Happy Friday.
Given the firing of U.S. Bureau of Labor Statistics chief is Erika McEntarfer last month, analyzing this report is a whole different game. I tend to think that there isn’t going to be a wholesale manipulation, at least not right away but if we get a +250K reading and falling unemployment will the market believe it?
In any case, the consensus is +75K with unemployment ticking up to 4.3% from 4.2%. Here was last month’s data.
This article was written by Adam Button at investinglive.com.