The #1 Thing We're Eager To See In This Morning's Jobs Report

Every month it seems, some different angle to the jobs report gets us interested.

Today?

We’re pretty eager to see what’s happening with public payrolls, and whether the bloodletting is showing signs of being over.

The number of monthly public sector layoffs has been shrinking, as you can see from the chart here.

Today people expect 20K public sector layoffs.

One other note: While there has been a fair amount of public sector optimism lately, the news that California is actually running out of cash does not bode well.

chart

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