We expect approx. 200K jobs to have been added during Jan. '15. Our estimate is below the 230K consensus, yet again. Most regional Fed survey employment sub-indexes were lower than last month. However, the New York Fed survey employment sub-index increased by nearly 50%. As everyone knows, the ADP number released on Wednesday was disappointing. Combined with lower employment indices in both manufacturing and service ISM numbers, the not so impressive increase in online job postings in Jan. indicates what we believe will be a disappointing figure released by BLS on Friday morning.
Lastly, this weekend we will finally do what we kept promising the last couple of months, which is update most financial models of the companies that we recommended. We will also provide some figures showing how our recommendations performed in 2014 and since they were published.
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