survey were released this morning and the Employment sub-component was reported at 54.2. A reading of 54.2 maps to about .50% NonFarm employment growth Q/Q or a monthly average of a bit over 200k jobs. This is not so bad - and falls right in the middle of where the other employment indicators are predicting. The ADP report is predicting about 120k Jobs, while the Temp Employment Survey is predicting 150k jobs and the Senior Loan Officer Survey is predicting 250k jobs.
Given all the available data, I am making a prediction of 200k jobs - above consensus - with a little bit of bounce back from last month's below trend job growth.