Reuters - Video

EDITION: U.S. | U.K. | IN

Business

U.S. Day Ahead: Jobs look ugly but there's a silver lining

Thursday, 31 Jan, 2013 - 02:51

Jan. 31 - Expect non-farm payrolls to rise to a tepid 160 thousand according to the latest Reuters poll. That won't be enough to put a dent in unemployment, but the economy could be reaching a tipping point.

▲ Hide Transcript

View Transcript

First it was weak consumer confidence that the price contraction in the economy now we'll see what the storm for the job market expect nonfarm payrolls to rise to a -- 100040. -- the latest Reuters poll. And you look -- to putting a dent in the unemployment rate at seven point 8%. Still our economic team in DC says there could be a silver lining. So one of the things I'm looking at is the average work week which came in right around 34 and a half hours last month and it's risen for a couple months in a row now. It's right around that level where it begins to pay offer employers a good return on investment for them to bring in new workers rather than to just continuously. Extend the work weakening pretty overtime cost. Further existing workforce. And we'll have a live reaction to the jobs report from the white house with Reuters correspondent Jeff me and at 10 AM we interviewed income strategist -- the -- team. Street estimates on nonfarm payrolls are all over the place -- -- the most -- -- Bank of America with all of 130000. New jobs. You may -- recent improvement in jobless claims have been misleading. On the other hand Wells Fargo calling for an optimistic 200 dollar and with the unemployment rate edging down. -- seven point 7%. The auto industry could be in high -- when car and truck sales are released by far the annual sales -- comes in at fifteen point three million in January. That's pretty impressive level especially in analysts were expecting a sudden drop in sales following the public any surge. The market is completely -- better credit availability and consumers -- leasing and pulled her heart and front. But the danger did you it's fifteen million I have aren't that -- -- ball below that level it might be very disappointing given all the bullish. One might be the largest company in the world after Apple's lock. Exxon is struggling with some major issues expand its profits from rice just barely from the year ago whenever we're learning as it tries to solve -- falling oil and outlet. Down nearly seven and a half percent in the green -- quarter. Imagine what that's not that's not Iraq -- before I got to choose between developing in the oil field in southern Iraq. Or in the autonomous region the latest on. On the majority staying in the fifty billion dollar Iraqi project. What difference are offering more lucrative contract. Next shares down almost 1% at me and country and Chevron also reports. Before Friday night. On Twitter at -- Snyder and get more of our great that you're you're constantly. Eat. We'll get excited that's balance sheet and explain how chairman -- -- he and Kyle and three trillion dollar but according to the economy. -- -- -- -- --

U.S. Day Ahead: Jobs look ugly but there's a silver lining

Thursday, 31 Jan, 2013 - 02:51

Editors' Picks »

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, 16 Jul, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, 25 Jun, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, 02 Jun, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, 27 May, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, 08 May, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, 05 May, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, 08 Apr, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, 24 Mar, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, 17 Mar, 2014 - (7:38)

Oddly Enough »

Elephants 'lovin' polo tournament Elephants 'lovin' polo tournament

Thu, 28 Aug, 2014 - (1:31)

Triplet pandas celebrate a milestone Triplet pandas celebrate a milestone

Thu, 28 Aug, 2014 - (0:48)

Group shatters record for longest flower garland by a mile Group shatters record for longest flower...

Wed, 27 Aug, 2014 - (1:30)

Masked hero sweeps clean Masked hero sweeps clean

Tue, 26 Aug, 2014 - (1:10)

Right muddy mess at World Bog Snorkeling Championships Right muddy mess at World Bog Snorkeling...

Tue, 26 Aug, 2014 - (1:11)

Hello Kitty conquers space Hello Kitty conquers space

Mon, 25 Aug, 2014 - (1:11)

Japanese zoo welcomes red panda cub Japanese zoo welcomes red panda cub

Mon, 25 Aug, 2014 - (0:42)

Is it a plane? No, it's a hoverbike Is it a plane? No, it's a hoverbike

Fri, 22 Aug, 2014 - (2:40)

Fox kicks off "Simpsons" mega marathon Fox kicks off "Simpsons" mega marathon

Thu, 21 Aug, 2014 - (0:56)

Six-story tall duck floats into L.A. port Six-story tall duck floats into L.A. port

Thu, 21 Aug, 2014 - (1:02)

Young artist paints surreal illusions on bodies Young artist paints surreal illusions on...

Thu, 21 Aug, 2014 - (1:30)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, 03 Jul, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, 20 Jun, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, 06 Jun, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, 30 May, 2014 - (1:37)