Sep 6 - Reuters is expecting only 125,000 jobs created in August when the non-farm payrolls report is released at 8:30 AM. Analysts say it won't be enough to trigger Fed support for the recovery.
Stocks closed above forty year highs after the ECB's drug lots of new bond buying program. The next test for the markets Friday's jobs report. It's the one of the week. Everybody's been waiting for why because of this got the Fed's Ben Bernanke at Jackson Hole he reiterated he would throw more cash that the recovery. To kick start growth and things got really bad that to start -- buying sprees investors grow more confident someone is watching over the economy. Reuters is expecting only 125000. Jobs created in August. Pretty mediocre thing here but it's still won't sound an alarm bells at the Fed's next meeting. So we have about 75000. Jobs a month. In the April may and June time period. So I think if you if the job growth falls back to that rate of growth that 75000. Definitely below. That's something that would put QBs on the table for the September meeting as well. But if it's something around what we're considering a run a 150000. We think that that would -- put. The idea of QE off until after the September. Curious about what the Fed's primary dealers are predicting the jobs report here's an inside look. Bottom of the list is Wells Fargo with 75000. Explaining weak jobs growth. On problems of the services sector. At a higher at this Scotiabank with 160000. Close to last month's -- and this year's average and other economic indicator to keep an -- on results and grocery chain Kroger -- give us another snapshot of how shoppers are spending. Analysts say Kroger is expected to see -- fatter profit thanks to the success of its loyalty program that's helped the company steel market share from other supermarkets. And hold its own against giants like Wal-Mart. Kroger is doing better than its other competitors. Supervalu said it would close about five dozen stores as it works to turn around its grocery business. And stay with Reuters TV and insider from our expert analysis on the big market movers. Check out writers YouTube that Reuters dot com slash writers TV and follow us on Twitter at Reuters Insider. I'm Rhonda schaffler this this writers.