NFP and Unemployment Rate Thread - Guess the numbers

CNBC ^ | 11/02/12 | CNBC

[Outraged At FLA]

Traders are watching to see if any surprises show up in the October employment report, the last before the election, but the real surprise could come in the November number when the aftereffects of Super Storm Sandy are felt in the job market.

Economists expect the October report to show a tepid 125,000 new nonfarm payrolls and a steady unemployment rate of 7.8 percent, according to Reuters. The report has been considered key since it is the final report card on job growth ahead of Tuesday’s presidential election, and expectations are low.

[Outraged At FLA]

The numbers are set to be released as usual at 8:30am. You can get them released in real time here:

http://www.forexfactory.com

Current forecast there is 123k for the NFP, and 7.9% on the unemployment rate.

My guess (and that is all it is) is 125k for NFP and 8.0% for unemployment. Typical market melancholy.

[EVO X]

7.5%

[txrefugee]

Since no one believes these phony numbers, contrived by dropping millions out of the workforce, they just as well lie big and say 7.5% right before the election.

In our family, it’s 50%, with two college graduates who can’t find work, and we are certainly not alone.

[Outraged At FLA]

Who knows; but I just can’t see the rate falling. Then again, I didn’t see it last time. With this regime, anything is possible.

[barmag25]

6.7% wouldn’t put it past them.

[Outraged At FLA]

"Since no one believes these phony numbers, contrived by dropping millions out of the workforce, they just as well lie big and say 7.5% right before the election."

I wish nobody believed them, but unfortunately they do. These numbers ALWAYS move markets and lips.

[Vermont Lt]

+ 3,000,000 and full employment. And most everyone would have two or three jobs.

[USS Alaska]

4.7% OH, YEAH!!!! THANK YOU OBAMA!!!

[St_Thomas_Aquinas]

--- 7.5% ---

I'm with you. NY will join CA in forgetting to report their stats.

[Outraged At FLA]

And mortgage payments for all! :}~

[EVO X]

Who knows; but I just can’t see the rate falling.

I read a recent article that unemployment rates fell in many large metropolitan areas, so I am guessing it will drop further. For me, the key number is working age Americans not working. I don't expect to see much change in that number..

[John W]

Looking for this and the election to fall out this way. Too bad for the regime to even consider or have the energy for their normal fraud. So, 8.0%.

[struggle]

5% and a “kajillion” jobs added.

[meyer]

I predict a significant divergence between the actual unemployment rate and that presented by the government’s propaganda wing (aka the MSM).

[Outraged At FLA]

I think the NFP will be positive and UE will be negative. These numbers have been like this for a while.

[Washi]

The media is setting expectations low for Obama (hinting at 7.9%).

It's a setup.

It will go down (below the current 7.8%) so it can be reported to be 'better than expected' and help Obama's re-election chances.

[Outraged At FLA]

And I was right lol.. 171k, 7.9%..