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Reply #28: Dice Rolling Continues: Derivative traders see June US payrolls at 205,500 [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-07-06 08:27 AM
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28. Dice Rolling Continues: Derivative traders see June US payrolls at 205,500
http://today.reuters.com/investing/financeArticle.aspx?...

NEW YORK, July 7 (Reuters) - Traders are betting on Friday that U.S. employers added about 205,500 jobs in June in the final of four derivatives auctions, according to data from the firms holding the auction.

The results were slightly higher than the 198,600 jobs predicted in an auction on Thursday afternoon. Traders have boosted their expectations for the payrolls numbers this week after an ADP National Employment Report on Wednesday showed a 368,000 job gain in the private sector in June.

The U.S. Labor Department will issue the June payroll report on Friday at 8:30 a.m. (1230 GMT).

The derivatives auction on Friday covered a wide range of expectations, with a payroll gain of 125,000 to 250,000 drawing about 52 percent of trader's bets.

The latest median forecast of economists polled by Reuters predicted a 185,000 job increase in nonfarm payrolls following a 75,000 gain in May. Prior to the ADP report, the median forecast for the Reuters poll was a 155,000 increase.

...more...


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