iBankCoin
Joined Nov 11, 2007
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TrimTabs Front Runs Caution on Friday’s Employment Report

“The markets may have been closed for two trading days this week due to the hurricane, but key economic data is still likely to be released this week from the Labor Department’s read on October’s unemployment and jobs. Each month we get a report from TrimTabs that aims to front-run or project job gains ahead of the formal report, and the projection from this group is that the economy added some 140,000 jobs in the month of October. TrimTabs is also saying that the BLS employment estimates lag the real-time economic data.”

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