I keep getting asked what I expect the number to be tomorrow; Quite frankly, I haven’t the slightest idea what it will be — despite the mid-day DJ headline, cheerleading Fed’s Hoenig — Dec Jobs Report Likely To Show More Growth.
Why discount Hoenig? He also said "I think a number in the order of two million net new jobs in 2005 is in the realm of possibility."
Of course, an alien invasion is also in the realm of possibility — its just not the in the realm of likely outcomes. I am out of patience with that sort of linguistical garbage.
Instead, let’s consider the most recent data points. They have all pointed towards a soft number tomorrow:
· The Challenger layoff numbers were higher than expected;
· The ISM employment data was worse than expected;
· The new unemployment data was worse than expected;
· Online job advertising giant Monster.com said its employment index eased, with online demand for workers decreasing in 19 out of 23 occupational categories in the month of December.
So if I was a gambling sort of fellow, I would take the under rather than the over . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.