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U.S. Day Ahead: Jobs optimism fizzles

Thursday, April 04, 2013 - 02:51

Apr 4 - After disappointing readings on jobs in the private sector and services, investors could be in for a gloomier non-farm payrolls report, according to Reuters' Dan Burns.

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If your your hopes on a strong nonfarm payrolls report on Friday and you might want to think again. According to the latest raiders pull the economy added a slightly higher than average 200000 jobs in March. But don't forget in the last ten days we've seen big warning signs disappointing manufacturing services and private payrolls numbers. Here's what Reuters economics editor Dan burns is focusing on them. I'm looking particularly at what contribution or drag we get from construction it's been a real bright spot up -- now. 48000 jobs last month so we're looking to see if that continues in the ADP report we saw earlier in the week. Net zero new construction jobs that it will be looking to see if that's confirmed or not. Wall Street's estimates for nonfarm payrolls are in a pretty tight range. Please forecast 175000. New jobs. The bank says layoffs may be relatively low but hasn't really drink and eat there. On the other hand Scotiabank has -- primary dealer is much more optimistic with an estimate of 2101000. And look at the latest reaction to the job numbers when they come -- at 8:30 eastern from the White House from top analyst and our expert writers com. Keep an eye on Hewlett-Packard stock in the morning it's. A wreath laying has stepped down. He was an intern chair during the twelve billion dollar acquisition of autonomy which became a massive write -- Planes being replaced in the meantime by activist investor Ralph Whitworth. The news came after the close HP is down nearly 7%. In the last year. It's crunch time for JC -- boss Ron Johnson the struggling department store chain is opening the first of its new home goods -- Which Johnson is describing as quote -- pivotal to his efforts to revive pennies fortunes. Customer numbers plummeted 13% in 2012 and share price looks scary plunging almost 60%. In the last twelve months. Still Morningstar analyst say here it's poke. By the EG he has cut annual costs by one billion dollars and increase sales and it's boutique stores. And we'll have an exclusive interview with one and JC -- biggest ambassador bill and -- hedge fund titans twelve billion dollar pershing square capital owns an 8% stake in the ailing retailer. Impact players Robert wolf we'll ask whether that could change and so much. -- is still sticking to his one billion dollar bat against herbal life. We'll follow us on Twitter at Reuters Insider and get more of our videos Reuters dot com slash raiders TV. Why you're in water and -- and cats are up close look at fracking in North Dakota with Reuters correspondent Ernie Schneider. Some unforgettable. Overalls and I'm -- mom this has for years.

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U.S. Day Ahead: Jobs optimism fizzles

Thursday, April 04, 2013 - 02:51