Friday, March 9, 2007

Waiting For the Employment Data

8:30 non-farm payrolls will be released. The consensus estimate is pegged at a 95,000 gain, with estimates ranging from a low of 40k to 150k. Civilian unemployment is expected to hold at 4.6%. Average hourly earnings are forecast to rise by .3%.

Trade deficit figures are also due at 8;30. A trade deficit of $59.8 bln is expected.

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