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Non-Farm Payrolls & Unemployment Rate - 10/5/12 October 5, 2012
On Friday October 5, 2012, the September jobs report will be released at 8:30am EST. The consensus estimate for the jobs number has the US gaining 120,000 jobs in September 2012. The estimate for the unemployment rate is 8.0%.
If you recall, the jobs number in August was 96,000. This report was worse than expected but the stock market jumped on QE3 rumors.
Prediction - My prediction is for a gain of 136,000 jobs in September. What is your jobs report prediction for 10/5/12? Post it below!
Actual Number - 114,000 w/ unemployment rate at 7.8%
Replies to This Discussion
This is the 2nd to last jobs report before the election. I wouldn't be surprised to see the unemployment rate break 8% in the coming months.
The consensus estimate for the jobs report October 5th is now 120,000. I am going with 136,000 jobs created, unemployment rate 7.9%
ADP was up to 162,000 jobs - this bodes well for Friday's jobs report
which stocks do you think would give good gains due to lower unemployment %
Almost everything....retailers would do good, the more jobs, the more money people have, the more they will spend. Restaurant stocks like DRI, tech companies like AAPL.
Any thoughts on BBY? I'm thinking its possible to see a 20-25% gain by mid nov.
BBY is going downhill fast unless it gets taken private....a lot of risk
114,000 jobs number, not bad
unemployment rate 7.8% - good