Loading ...“The street expects 85k nonfarm payrolls to be added to the US economy in October, while Goldman expects 75K new jobs, which in addition to a 46k drag from the General Motors strike, expects further declines in the services sector. The three-month trend rate currently stands at 157k, a touch above the six-month pace of 154k, though both are lower than the 12-month average of 179k.”
Why do I get the feeling they’re going to pull a whopper of a number out of their arses just to make the Fed’s language make sense?