Nonfarm Payroll and Unemployment Rate Predictions

[tritsofme]

Nonfarm payroll and unemployment data will be released today at 7:30am CDT.

After two abysmal months of job creation at 78k and 32k respectively, I can't be very optimistic about this number.

I had already predicated my projection as to this number on whether or not bush pounced on job creation and the strong recovery tonight in his speech, he did not, and he saw these number at 3pm CDT today.

My prediction now is that we created 90,000 jobs in August and the unemployment rate held steady at 5.5%.

What do you think?