Thursday, September 17, 2009

Weekly Jobless Claims

With this week's jobless claims numbers in the books, I am forecasting a non-farm payroll tally of:

-259,000

I think the consensus will be about -205,000.

Incidentally, in order for the non-farm payroll number to hit zero, my model suggests that the weekly jobless claim number needs to be roughly 375,000.

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