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SQQQ - Sneak Peek Into April 5 Jobs Report And Beyond
ProShares UltraPro Short QQQ
By Erik Norland
The past two employment reports took markets on a wild ride, with 311,000 jobs created in January, but only 20,000 in February. If you average the two, however, U.S. employers have been creating about 165,000 jobs per month so far in 2019, which is close to what our model suggests is the most likely outcome for the March employment report due out on April 5: +157,000 jobs.
It may sound unusual to forecast the March jobs number this early. The month is not even half over, and no consensus estimate has yet