To: Earlie who wrote (140886 ) 12/30/2001 1:24:28 PM From: Les H Read Replies (1) | Respond to 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.