Today bad job numbers for the week came out sending the Dow to it’s lowest level in three months. More importantly, it made many, including us, less likely to think we’ll be seeing substantial job growth. Nonetheless, based on the model we’ve run for the past several months we still see some positive job numbers coming out of tomorrow. While many economists are now predicting job losses for the month of January, we believe there will actually be a decrease in the number of jobless. Based on a regression between the weekly job numbers of a month and the monthly numbers, we are seeing tomorrow as yielding around 9,000 jobs gained. Furthermore, we expect the unemployment rate to drop down to 9.9 percent as companies are finally hiring. Check back with us tomorrow to see how our predictions fared and what we think of the actual numbers.




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