What's that you say? The NFP isn't until next week? Today we're waiting on Yellen to speak at Jackson Hole?

OK, got it!

tee hee.

Anyway .... looking ahead, once Yellen is out of the way then we can chill out awaiting the nonfarm payroll figures on Friday September 2!

BoA / Merrill Lynch is way ahead of the game:

  • Forecast a +180,000 for the headline NFP figure
  • Unemployment rate 4.8% (from 4.9%)
  • And they say average hourly earnings likely grew 0.2% m/m