Interdum stultus opportuna loquitur...

Friday, January 07, 2005

DataRant: Payrolls In Line (But Lower)...

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Most aspects of the payrolls report were "in line"... although the headline new non-farm payrolls were worse than expected, they were less worse than expected (compared to expectations... hell, I must need some sleep, because that crap just made sense).

It will be interesting to see how many phantom jobs the BLS had to invent in order to get payrolls to within coo-ee of the consensus number... we shall see.

Economic Releases For January 7th
08:30Non-Farm Payrolls*Dec-04175k157k
Unemployment rateDec-045.4%5.4%
Avg Hourly EarningsDec-04+0.3%+0.1%
Avg Work WeekDec-0433.8 hrs33.8 hrs

Previous month revised up from 112k to 127k.