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U.S. Day Ahead: Third month of U.S. payroll gains possible

Thursday, March 08, 2012 - 02:06

Mar. 8 - Although tomorrow may mark the third consecutive month of payroll gains over 200,000, Reuters' Stella Dawson says there may not be any improvement in unemployment rate before the November election.

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Serious you're US stay ahead could we see after hat trick of solid gains when the jobs report comes out at 8:30 AM. According to Reuters poll nonfarm payrolls should hit 2101000. Feb with manufacturing. Dominating grow. But it's economics editor Stella Dawson tells us what both Wall Street and washing. And looking for this remark that the straight month that we've seen the payroll -- over 200000. And that's very positive for the US economy. How level what President Obama is really looking for is to -- the unemployment rate dropped. Goldman Sachs have some bad news on that front it's as the distortions in the calculations the seasonal adjustment. Points to no improvement in the jobless rate before the November election. And over at the Federal Reserve Ben Bernanke is concerned that that means that we -- a number of people -- Who long term unemployed which will slow the growth of the US economy. And according to -- Wall Street is not expecting a big surprise in the jobs report with a narrow range of forecasts from primary dealers. Top of the list is -- -- -- -- -- at 275000. Wells Fargo comes -- -- consensus. UBS's that the bottom with a pessimistic 190000. To blame the weather. UBS says more than usual weather and January accelerated hiring me taking some of the -- away from February. Add three more pieces of data could add momentum to the market. At 8:30 AM we see the release of international trade -- wholesale inventories at ten and the -- weekly index at 1030. And credible reports its first quarter results and the cost -- ship -- in January. It's set to see earnings flat down from nineteen cents a year ago. Investors will likely hear how the recent disaster which killed at least 25 people is -- impacting the company's outlook. Carnival warned the catastrophe. -- about what 175 million dollars. From its profits this year I'm Rhonda schaffler this is Reuters. --

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U.S. Day Ahead: Third month of U.S. payroll gains possible

Thursday, March 08, 2012 - 02:06