As one of the commenters noted, Goldman has raised their non-farm payrolls estimate to 600,000. On the downside, they see private payrolls growing a below-consensus 150,000. The market expects 190,000 private hires and a 513,000 rise overall.
Apparently whisper numbers are ramping even higher. CNBC reports talk of payrolls 700,000 tomorrow.
Ignore the headline and focus on the private-sector figure. At this point in the recovery it should be growing 300-400k per month.
