Found this post interesting: should really take Friday’s payroll with a grain of salt.
TrimTabs Estimates U.S. Economy Lost 255,000, Jobs in November Wages and Salaries Falling, Not Flat as Reported by Bureau of Economic Analysis
Sausalito, CA — December 2, 2009 — TrimTabs Investment Research estimates that the U.S. economy shed 255,000 jobs in November, the fifteenth consecutive month job losses exceeded 250,000. In the past 12 months, job losses totaled 5.8 million, the second-highest 12-month total since 1970. “The unemployment rate could easily hit 11% by early next year,” said Charles Biderman, CEO of TrimTabs. “Employers are still slashing hundreds of thousands of jobs per month even though the government is spending tens of billions of dollars per month on stimulus programs.”
full release at http://www.trimtabs.com/global/news_releases.htm