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This Chart Says Tomorrow's Jobs Report Could Be Gigantic

Joe WeisenthalSep 6, 2013, 00:51 IST

The official prediction for tomorrow's jobs report is 180,000 new jobs.

But here's a chart getting passed around that we just saw from Dave Lutz of Stifel, Nicolaus.

It shows the employment subindex from the ISM non-manufacturing report (red line) vs. the monthly change in Non-Farm Payrolls (blue line).

If Non-Farm Payrolls matches the rise in the ISM then we're looking at a number of over 300K.

FRED