It’s all about employment now. More of it would be better, although we may have to settle for losing it a slower pace for a bit longer.
The U.S. Labor Department will dispatch the official update for September nonfarm payrolls on Friday. Meantime, dismal scientists, pundits and fans of macabre labor stats are making estimates and crunching the numbers on hand.
Wanted Technologies, an employment analytics firm, expects that nonfarm payrolls will fade by 167,000 in September. If so, that would be an improvement over August’s loss of 216,000 jobs, albeit a relative improvement.