Once again, MSNBC is reporting on the expectation of glowing jobs numbers.
On average forecasters expect the report — the government’s first official snapshot of how the economy performed last month — to show employers added 160,000 payroll jobs, which would be the strongest pace in five months. The unemployment rate, which is based on a separate survey, is expected to remain unchanged at 5.4 percent.
“We’re back now with a situation of having a lot of catch-up to do,” said Michael Englund, chief economist for Action Economics, which expects a report of 200,000 new jobs.
“A bigger gain of 250,000 or more is possible, given the potential hurricane effect and normal month-to-month volatility,” the forecasting firm said in a report.
Notice that they’ve said the average expectation is 160,000 new jobs. Then they quote someone from an organization who expects 200,000. And the quote is that he thinks it might even be 250,000.
If these guys think 200,000 is probable and 250,000 is possible, where’s the quotes from the guy who thinks 120,000 is likely and that 70,000 might not be out of line?
Is it me, or are they trying to boost expectations even higher than they should be? Tomorrow will we see headlines of
“125,000 New Jobs is worse than expected“,
“Some hoped for twice as many new jobs“, and
“First Jobs Report since Bush’s re-election not as good as hoped. Are his proposed policies to blame?“?
We’ll see. Maybe now that their guy is apparently beaten, they’ll straighten up a bit.