Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Payrolls estimate by economists now at 175,000

Payrolls estimate by economists now at 175,000 (by Steve Goldstein)

WASHINGTON (MarketWatch) -- Following Wednesday's unexpected 297,000 increase in ADP's private-sector payroll report, the MarketWatch-compiled consensus for the Labor Department's nonfarm payrolls for December stands at 175,000, up from 143,000 prior to the ADP figures. Economists are still expecting a 9.8% unemployment rate. "Our forecast change was prompted by the big upside surprise in the ADP survey that was released, but other incoming data provided some reinforcement for the adjustment," said David Greenlaw of Morgan Stanley, one of many who upwardly revised his forecast. Greenlaw also pointed to the tax withholding data from the Daily Treasury Statement and the Challenger survey.