By now, you know the drill:
The Consensus for Non Farm Payrolls data for November is 225,000, with a range from 180,000 to 275,000.
We have yet to see the full impact from Katrina in the data, with BLS noting that *"its hard work" tracking down all the missing people for their econometric model.
This NFP may even show the new hires from New Orleans who were relocated and employed elsewhere. If any recent month has the potential to surprise to the upside, its November.
No Matter, I am sticking with the Under — if for no other reason than history; Those of you who have been paying attention to the recent holiday sales data may also conclude that these aren’t the numbers associated with strong hiring and a robust economy.
* Yes, that’s sarcasm.
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.