Michael McKee

Manufacturing payrolls, we're down 8,000.

The private payrolls is only half of what was forecast.

It appears that he wanted to brag about job creation under his administration from January to January.

So he published a total number of jobs created during the year.

But the problem was, is it included the figures for December and.

And December's figures not only added to it, but subtracted some because of the revisions.

And you would have had to parse all that out.

50,000 is the change in non-farm payrolls with

Net revision to October and November of a negative 76,000.

So over the three months, we're down by 26,000.

Changing private payrolls, 37,000.

Manufacturing payrolls, we're down 8,000.

The private payrolls is only half of what was forecast.

Investors, analysts, economists, and politicians are awaiting the December jobs numbers with great enthusiasm.

October and November's data were affected by the government shutdown.

Last month's numbers will be the first clean read since September.

A lot is riding on what that reading is.

Job growth appears to have been slowing or even falling for the past half year, but unemployment has barely changed.

Week-December jobs would suggest more rate cuts from the Fed, but a drop in unemployment, which is forecast, would argue the opposite.

Although any conclusions will be tempered because the shutdown meant there was no October unemployment figure, and we could see big revisions to the delayed October and November numbers.