Over under 120 k new jobs in tomorrow’s jobs report?

[Mac1958]

Expected figure: 160,000, 3.7% UE
Reported figure: 130,000, 3.7% UE
.

FYI:
I'm pretty sure the consensus estimate was 150K not 160K

... and there were some bright spots.

Wage growth +0.4% ann 3.2% versus +0.3% ann 3.1% expected., <-- a sign that inflation is picking up perhaps?
Labor Force Participation rose to 63.2%

I suspect a good deal of the slow down in job creation is due to the fact that employers cannot find qualified people to fill job openings (the last JOLTS report had 7.3 million job openings).

I linked earlier to consensus estimates of 160K, and that's what I've been hearing.

Wage growth should be driving inflation, but it sure has had enough time to do so by. Could be, though. There may be some kind of lag that no one is seeing. That would be a very good thing.
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[Wry Catcher]

160,000 is the expected figure: Here's what to expect from the August jobs report

The problem is that, with unemployment this low, GDP should higher and there should be more upward pressure on inflation.

Not happening right now.
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Less than 100,000 jobs were created by the Private Sector. Full employment does not equate to full time employment, for many are Temps and PT.

 

[NightFox]

Expected figure: 160,000, 3.7% UE
Reported figure: 130,000, 3.7% UE
.

FYI:
I'm pretty sure the consensus estimate was 150K not 160K

... and there were some bright spots.

Wage growth +0.4% ann 3.2% versus +0.3% ann 3.1% expected., <-- a sign that inflation is picking up perhaps?
Labor Force Participation rose to 63.2%

I suspect a good deal of the slow down in job creation is due to the fact that employers cannot find qualified people to fill job openings (the last JOLTS report had 7.3 million job openings).

I linked earlier to consensus estimates of 160K, and that's what I've been hearing.

K, I've been looking at the number CNBC was publishing..... I guess there's no consensus on the consensus.

Wage growth should be driving inflation, but it sure has had enough time to do so by. Could be, though. There may be some kind of lag that no one is seeing. That would be a very good thing.
.

Accelerating wage growth + higher prices due to tariffs * fed rate reduction(s) = (possible) impending inflation problem.

Certainly bears watching.

 

[Mac1958]

Expected figure: 160,000, 3.7% UE
Reported figure: 130,000, 3.7% UE
.

FYI:
I'm pretty sure the consensus estimate was 150K not 160K

... and there were some bright spots.

Wage growth +0.4% ann 3.2% versus +0.3% ann 3.1% expected., <-- a sign that inflation is picking up perhaps?
Labor Force Participation rose to 63.2%

I suspect a good deal of the slow down in job creation is due to the fact that employers cannot find qualified people to fill job openings (the last JOLTS report had 7.3 million job openings).

I linked earlier to consensus estimates of 160K, and that's what I've been hearing.

K, I've been looking at the number CNBC was publishing..... I guess there's no consensus on the consensus.

Wage growth should be driving inflation, but it sure has had enough time to do so by. Could be, though. There may be some kind of lag that no one is seeing. That would be a very good thing.
.

Accelerating wage growth + higher prices due to tariffs * fed rate reduction(s) = (possible) impending inflation problem.

Certainly bears watching.

Well, it's all a balance, since we NEED some more inflation right now, if it's driven by growth.

The Fed would rather not cut so they can keep that tool at their disposal, but markets are pretty much demanding 50bps.

We just need more consumer spending, and it's not really happening. Yet.
.