You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

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

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-07-06 07:27 AM
Response to Original message
28. Dice Rolling Continues: Derivative traders see June US payrolls at 205,500

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.


Printer Friendly | Permalink |  | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC