www.varchev.com

Goldman: Four Reasons Tomorrow's Jobs Report Could Be a Letdown

Rating:

12345
Loading...

The February jobs reports comes out tomorrow and forecasters are predicting about 235,000 new jobs for the month, down just slightly from January's 257,000. A preview of the report sent out by Goldman Sachs highlights four recent signs that could indicate weaker-than-expected numbers.

Manufacturing survey weakness. The employment components in recent manufacturing surveys have all gone down in February, and job growth in the manufacturing sector has slowed down in the last year.

Job availability. The Conference Board's labor differential (which compares respondents who says jobs are "hard to get" to those who say they are "plentiful") has been improving steady over the last year—but did take a small dip in February.

Job cuts. Previously announced layoffs, a recent refinery strike, and the steep drop in oil prices point to an employment dip in the energy sector.

Weather. It's a mess. Four major snowstorms in four weeks across the Midwest and Eastern Seaboard. Of course, it's not all doom and gloom. Goldman notes that Jobless Claims fell in the weeks leading up to the survey, nonmanufacutring surveys are on the rise (particularly in the service sector), and online job ads are up in a wide range of other industries. The firm's prediction of 220,000 is below consensus, but by no means a disaster.


 Varchev Traders
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy