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What to Look for Tomorrow: The Jobs Report

Posted by T.W. Hanson - Mar 6th, 2008 at 21:03

Every four to five weeks, we get to see whether more or fewer people are finding jobs. The number comes out on the first Monday of each month. This is one of the most important economic releases of the cycle. It shows us what happened is happening in the U.S. labor markets and allows us to better forecast what is coming next. Look for it not only to set the tone for the markets for the rest of the day but permeate into political discourse as well.

Economists are currently forecasting an increase of 25,000 jobs and an unemployment rate of 5.0%. A large deviation from either of these numbers will move the financial markets. If the numbers are as predicted, you will only need to suffer a few newspaper headlines and political rhetoric as the statistics are spun.

Watch the futures at 8:30AM Eastern for the reaction.