It’s a set-up. UE3 will come in at 7.5% based on Gallup’s mid-month survey.
No, because even ADP said 158k. BLS is usually in the range og 80% of ADP or in case around 130k.
Agreed, its a game of expectations. It's happened before as well, so I would not be the least bit surprised if it is good news. I am not a hand wringer, well maybe I am, but I am sick of the media manipulating public perception like this.
If in fact it DOES come out bad for Obama, I'll eat my hat.
My hunch is we will get another steep drop in the rate as well. Rest assured it will go back up after the election.