Thursday, February 09, 2012 3:42 PM EST

Forex Trading US Unemployment Statistics to be released at 8:30 AM

Written January 9, 2009 at 7:50 AM EST by Greg Michalowski

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The US Unemployment report is to be released at 8:30 AM. The expectation is for a decline of 520K jobs. The ADP report showed a 693K decline. Initial Claims and Continueing Claims went up over the survey period and the ISM Manufacturing Employment measure showed another low. The holiday sales were low and the risk in the report is the seasonal adjustments for Retail jobs will be too high to overcome. Retailers knew sales would be weak and profits were going to be squeezed so the expectation would be they did not hire as many people as the seasonal adjustments in the December report would indicate.

For a review of the report that looks at the employment sectors, click on the following link

CLICK HERE TO ACCESS THE PREVIEW OF THE US EMPLOYMENT REPORT

Categories: Economic Statistics, Forex Trading | Tags: Retail Sales, Unemployment

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