Markets Are Quiet As World Awaits The Jobs Report
Apr 4, 2014, 13:49 IST
Good morning and Happy Jobs Day!
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At 8:30 AM ET today we the March Non-Farm Payrolls report, and this time they might be pretty interesting.
The official consensus is for a reading of 200K new jobs at a 6.6% unemployment rate, but expectations of a big number are building. This is due to a combination of factors like the end of the hard winter and strong datapoints from car sales and the employment sub-index of the ISM services report.
In the meantime, markets are very quiet (not much action anywhere) and will likely stay that way until the number.