A Secret Jobs Report Will Be Coming Out Tomorrow...

NexusFi · 2012-04-02T22:19:35-04:00

The official March Non-Farm Payrolls report comes out Friday, but we'll get a nice sample tomorrow. It turns out out that auto sales correlate very nicely with jobs (not too surprisingly). Here's the chart ( we ran last month, comparing auto sales/the population and the unemployment rate. Anyway, this number comes out tomorrow, and analysts are actually looking for a slight pullback from last month's 15.03 million seasonally adjusted annual rate of sales to just 14.6 million this month (. We'll …

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Updated April 3, 2012

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A Secret Jobs Report Will Be Coming Out Tomorrow...

April 2nd, 2012, 10:19 PM	#1 (permalink)
kbit Aurora, Il USA Elite Member Experience: Advanced Platform: TradeStation Trading: futures Posts: 5,854 since Nov 2010 Thanks Given: 3,295 Thanks Received: 3,364	[COLOR=#0000ff]Here's the chartThe official March Non-Farm Payrolls report comes out Friday, but we'll get a nice sample tomorrow. It turns out out that auto sales correlate very nicely with jobs (not too surprisingly). we ran last month, comparing auto sales/the population and the unemployment rate. Anyway, this number comes out tomorrow, and [COLOR=#0000ff]analysts are actually looking for a slight [AUTOLINK]pullback[/AUTOLINK] from last month's 15.03 million seasonally adjusted annual rate of sales to just 14.6 million this month[/COLOR]. We'll be watching this number all day tomorrow, from when Chrysler reports early on to when the last automaker reports in the afternoon, and then we'll be in better position to make an educated guess about Friday's jobs report. Read more: SAAR Preview Vs. Jobs Report[/COLOR]

Last Updated on April 2, 2012