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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (140886)12/30/2001 1:24:28 PM
From: Les H  Read Replies (1) of 436258
 
Nonfarm Payrolls for December (change in thousands)
Friday, January 4 at 8:30 a.m. ET Actual:
Median Range Responses Dec01 Nov01 Oct01
Payrolls -150k -200k to +25k 13 -- -331k -468k
Jobless Rate 5.8% 5.8% to 6.0% 13 -- 5.7% 5.4%
Mfg Payrolls -90k -110k to -60k 3 -- -163k -124k
Hrly Earnings +0.2% +0.2% to +0.3% 13 -- +0.3% +0.1%
Avg Wkly Hrs 34.1 34.1 to 34.1 13 -- 34.1 34.0

Comments: Nonfarm payrolls are expected to fall 150,000, further
evidence of labor market deterioration, but reflecting improvements in
unemployment claims data. Construction sector hiring should benefit from
warmer-than-usual weather, but the manufacturing sector (-90K) is
expected to post another decline. Retail hiring should be down after
seasonal adjustment as hiring has been less than in previous years. The
jobless rate is expected to rise to 5.8% in December after jumping to
5.7% in November. The December data will include revisions to the
household survey, which determines the unemployment rate. Hourly
earnings are seen rising a below trend 0.2%, as wages growth slowed due
to the recession. The average workweek is expected to remain unchanged
at 34.1.

Domestic Motor Vehicle Sales for December (mln units, saar)
Wednesday, January 2 through Thursday, January 3 Actual:
Median Range Responses Dec01 Nov01 Oct01
Car Sales 5.4m 5.1m to 5.8m 5 -- 6.4m 7.8m
Lt Trucks 6.6m 6.6m to 7.3m 5 -- 8.4m 9.9m

Comments: Auto and truck sales are expected to slow to a 12.0
million annual rate in December after a still strong 14.8 million sales
rate in November. The retraction of zero percent financing will
continue to reduce the sales rate.
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