【Preview】Nonfarm payrolls tomorrow night: I’ll look at three figures first
The U.S. October jobs report is scheduled for release at 9:30 p.m. Beijing time on November 6. Job growth, the unemployment rate, and hourly earnings may send different signals. My view is that the figures are easier to interpret when they point in the same direction; when they conflict, we need to go back to the report and examine the details. Which one will you look at first?
Source: U.S. Bureau of Labor Statistics.
The U.S. October jobs report is scheduled for release at 9:30 p.m. Beijing time on November 6. Job growth, the unemployment rate, and hourly earnings may send different signals. My view is that the figures are easier to interpret when they point in the same direction; when they conflict, we need to go back to the report and examine the details. Which one will you look at first?
Source: U.S. Bureau of Labor Statistics.