The table below shows where consensus expectations currently stand with respect to tomorrow’s February Non Farm Payrolls report. Economists are expecting an increase in payrolls of 235K, which would be a decline of 22K from last month’s reading of 257K. In the private sector, economists are expecting an even larger decline from 267K to 225K. Economists are also forecasting the unemployment rate to fall to 5.6%. Finally, growth in average hourly earnings is expected to soften to 0.2% from last month’s 0.5% growth rate, while hours worked is forecast to remain unchanged at 34.6.
As we do each month, we just sent our monthly employment report preview to clients. In this report, we provide a snapshot of every secondary employment indicator for the month of February that has been released prior to tomorrow’s report. Additionally, we also provide detailed statistics on the performance of the S&P 500 and its ten sectors on each report day in the last two years. On top of that, we also include lists of which S&P 500 stocks have been the best and worst performers from the opening bell to the closing bell on days when the report has been better or worse than expected.
This report is a must read for anyone who plans to trade equities around tomorrow’s report, and the best thing about it is that you can get access to it for free. If you aren’t already a client, you can sign up for a free 5-day trial today.