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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject9/7/2001 8:34:07 AM
From: Teri Garner  Read Replies (1) of 37746
 
UNEMPLOYMENT RATE: 4.9% -->

08:31 ET Economic Data : Nonfarm payrolls fell 113K in August vs the -45 consensus, but the most important number in this report will be the 4.9% unemployment rate, which was much higher than the 4.6% consensus. An upward revision to +13K on July payrolls from -42K is a slight offset, but the big uptick in the unemployment rate will put pressure on the market.
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