Deutsche Bank's Joe LaVorgna is the most optimistic toward Friday's jobs report of the 92 economists surveyed by Bloomberg: he predicts 225,000 nonfarm payrolls were created in July, compared with the consensus estimate of 185,000. This morning, on the back of a strong ISM manufacturing report, LaVorgna upgraded his forecast to 225,000 from 200,000, and knocked his projection for the unemployment rate down to 7.4% (the unemployment rate stood at 7.6% in June). Even before today's forecast revisi...
Deutsche Bank's Joe LaVorgna is the most optimistic toward Friday's jobs report of the 92 economists surveyed by Bloomberg: he predicts 225,000 nonfarm payrolls were created in July, compared with the consensus estimate of 185,000. This morning, on the back of a strong ISM manufacturing report, LaVorgna upgraded his forecast to 225,000 from 200,000, and knocked his projection for the unemployment rate down to 7.4% (the unemployment rate stood at 7.6% in June). Even before today's forecast revisi...
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