Today's calendar: the only real tell before Friday's jobs report is the 8:30 AM ET jobless claims print.
→ 8:30 ET · Initial jobless claims (est. 196K, prior 194K)
→ 8:30 ET · Q3 productivity (est. 2.8%, prior 1.4%)
→ 8:30 ET · Unit labor costs (est. 0.6%, prior 1.3%)
→ Friday · Nonfarm payrolls (est. 65K, prior 29K)
Claims are the one I'm watching most today, the first read on the labor market before Friday. Worst case: if claims top 220K, the jobs scare gets priced in a day early.
Watching: $SPY $QQQ $IWM
#ADPUSPrivateEmployersAdd86000JobsInOctober #Economy #Jobs
→ 8:30 ET · Initial jobless claims (est. 196K, prior 194K)
→ 8:30 ET · Q3 productivity (est. 2.8%, prior 1.4%)
→ 8:30 ET · Unit labor costs (est. 0.6%, prior 1.3%)
→ Friday · Nonfarm payrolls (est. 65K, prior 29K)
Claims are the one I'm watching most today, the first read on the labor market before Friday. Worst case: if claims top 220K, the jobs scare gets priced in a day early.
Watching: $SPY $QQQ $IWM
#ADPUSPrivateEmployersAdd86000JobsInOctober #Economy #Jobs
