U.S. Day Ahead: U.S. jobs market likely picked up steam
Thursday, May 31, 2012 - 02:32
May 31 - Reuters correspondent Jason Lange says there might be a positive suprise in the job numbers on Friday.
▲ Hide Transcript
▶ View Transcript
The US jobs market likely picked up some steam Sunday after disappointing numbers in April Reuters Paul expects 150000. New jobs were added to corporate payrolls suggesting that recovery is still on track. Unemployment rate is seen as unchanged today point 1%. Reuters correspondent Jason -- says there might be a positive surprise in the not. -- -- reports that -- big hypothesis about the strength that the US economy. Yeah take that many expect could be a sign that the spring slowdown was really just payback for a really strong winter don't mean that things aren't so bad in the US economy. On the other hand a disappointing reading could mean that maybe something really is wrong here and that could push the Fed to do a little bit more to help the economy out. The focus on Friday likely to be on jobs of course but investors need to digest a bunch of other figures as well -- ahead take note three point nine is the expected number for the ISM index that -- factory activity will have cooled slightly in May from the previous month. Personal income for -- expected to rise by three -- of -- percent a little less than the -- -- percent rise from a month earlier automakers will report new car sales from an early snapshot of US consumer demand each month analysts expect the annual sales -- to -- -- fourteen million units being ahead Toyota and hot up there are expected to pick up marketshare today -- -- recover from the earthquake that devastated sales in 2011. President Barack Obama will be in Minnesota tomorrow and a lot of what they have to say on the economy we'll circle -- -- results of that crucial jobs report. The White House confirmed Obama will speak at Honeywell International campus in the Minneapolis suburb of golden valley and he's expected to tackle variety of topics including small business hiring and investment in alternative energy. And he shot of the day today is. Other video of a band of activists disguised as British cultural secretary Jeremy hunt. And -- on the guitar. The message stop dancing in Murdoch's. It's seen as outside Britain's High Court where the real hunt was questioned over his involvement in Murdoch's news corps failed attempt to take over these -- And that's US day ahead follow us on Twitter at Reuters Insider and Rhonda -- this is writers.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code