Lots of bad news is baked into the cake at this stage. After ADP, anything less than 675,000 job losses would look like a victory, sad to say. Headed into ADP, economist were looking for rough 500,000 job losses, though that is now on the low side. The highest continuing claims figure since the 1982 recession has set the stage for another stinker tomorrow morning as well. Dealers fully expect the unemployment rate to rise to 7.0% or above.
Have your say on the payrolls and in the process enter to win one of the flimsiest T-shirts in haberdashery history.
