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  • Payroll Gains in U.S. Probably on Track for Best Year Since 2005

    From bloomberg.com

    Job growth in November was probably strong enough to keep payroll gains on track for the best year since 2005, economists said before a report today. Employers added 185,000 workers last month after taking on 204,000 in October, based on the median forecast of 89 economists in a Bloomberg survey before today’s report from the Labor Department. The unemployment rate dropped to 7.2 percent, matching an almost five-year low, from 7.3 percent as federal employees returned to work, according to the survey median. The pickup in employment over the last three months signals companies are confident that demand will improve ... (full story)

As far as I remember, such as yesterday's report, Bloomberg try to misguide us. Why?
Quoting Maso
As far as I remember, such as yesterday's report, Bloomberg try to misguide us. Why?
They cannot misguide you as noone knows the data.

Btw. it is rather illusion that someone wants to cheat you.
Quoting Maso
As far as I remember, such as yesterday's report, Bloomberg try to misguide us. Why?
So the sheep do one thing, the wolves another.
Quoting GDR3k
So the sheep do one thing, the wolves another.
Yes, that's true.
The number will known soon enough. Anything prior to that is just guessing, as can be seen from the above article that begins with 'probably' and is full of 'if's, but's and maybe's'......

Not really worth the paper it's written on imo, and no way it should influence any trade decision!
Doing what you like is Freedom. Liking what you do is Happiness.
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In relation to the economists' predictions it's worth remembering that their predictions were taken last week. With the ADP, Challenger Gray and DOL numbers being better than expected this week, this NFP number does have the capacity to surprise. I'll go for 220K - 230K.
What is gonna be the x factor of importance, will be the unemployment rate, rather then the NFP number in my humble opinion.
The risk-reward after the few down days in equities looks tempting....for a long position, also futures on the rise, getting in position.

We will see, at least we got some action.
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