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1. All jobless claims reports for periods covering tomorrow's #JobsReport were rock solid. Today's mirrored a level not seen since December 6, 1969.
Consensus forecast is 170K, ranging from 145K to 218K.
Wage forecast = 3.4%, ranging from 3.1% to 3.9%.
ppdnews.us/RUkTm0E
Consensus forecast is 170K, ranging from 145K to 218K.
Wage forecast = 3.4%, ranging from 3.1% to 3.9%.
ppdnews.us/RUkTm0E
2. If that wage (AHE) forecast is met, or even if it meets the low end of the forecast range at 3.1%, it'll be the 8th consecutive month of wage growth above 3%. No matter, we have not seen real wage pressure like this since before the Great Recession. ppdnews.us/1WnTuVS
3. Almost makes the headline jobs number a moot point if that wage forecast is met. That's why Americans are self-reporting such high sentiment and optimism surrounding the labor market and economy. Don't be surprised if we see either a significant revision or inflated number.
4. Thread Update: "We continue to see growth in Average Hourly Earnings, and the participation rate is holding the gains of the last 6 to 8 months at 63.0%." -- @TJAnderson1 on the #JobsReport.
We got that 3+ wage number. ppdnews.us/18pcmHl
We got that 3+ wage number. ppdnews.us/18pcmHl
