Thursday, June 3, 2010

It's a bad joke - NFP due figures US markets 4/06/2010

"Figures from the Labor Department show there were about 417,000 more census workers on government payrolls during the employment survey week, which includes the 12th of the month, than in the same period in April.

The unwinding of census employment may keep distorting the payroll figures for months as the government dismisses workers when the count is completed. For that reason, economists say private payrolls, which exclude government jobs, will be a better gauge of the state of the labor market for much of 2010."

bloomberg


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