You know the drill: Today is the data release for August Non-Farm Payrolls, and I once again am taking the Under.
Consensus expectations are for 190,000, with the range between 110,000 to 235,000.
The Birth/Death adjustment last August was a chunky 123k — so perhaps the Under is a loser this month. Regardless, my econometric modeling is reality based, so regardless of the final BLS data point is — I’m expecting only modest job creaton.
BTW, the BLS is not a case of garbage in/garbage out — its the bias embedded in their processes that turns good data into something less than useful — not their data sources . . .
It appears the damage to New Orleans region is far worse than originally expected. As we did with the Tsunami, here are numerous resources that you may find helpful in keeping informed about the damage, and making donations to help survivors:
1) Relief Organizations
Known as the most efficient relief charity in the U.S. (and Non-denominational also)
88 Hamilton Avenue, Stamford, CT USA 06902
Toll Free: 1-800-486-HELP (4357) Phone: 01-203-658-9500
see below for complete list of charities
2) News Coverage
Google Groups katrina relief aid
The KatrinaHelp Wiki relief page
3) Weather Related Resources
National Hurricane Center
Actual Water Level Measurements, at New Orleans, LA
USGS 073802338 IWW @ I-510 Bridge (Paris Rd) http://waterdata.usgs.gov/nwis/uv/?site_no=073802338
See this Google Map for location:
National Weather Service
Hydrologic Information Center (river flooding)
4) Government Resources
Federal Emergency Management Agency
City of New Orleans
Louisiana Governor’s Office
Mississippi Emergency Management
Louisiana Homeland Security
5) State Government Resources
Louisiana Emergency Road Closures
Mississippi Emergency Road Closures
Alabama Emergency Road Closures
Florida Emergency Road Closures
New Orleans Convention and Visitors Bureau Update
There is a terrific Dow Jones Chart (1900-2004) for sale at the Minyanville.com gallery. Its along the same concept of a chart we did back in 2003 — only this one includes P/E ratios, which is a very instructive addition to the graph: click for an enormous chart: “Officially licensed and designed by Minyanville’s own…Read More