What Can You Expect from the March Nonfarm Payroll Release?

As I have discussed before in this blog, the best information about an upcoming nonfarm payrolls release comes from the economic derivatives auctions held by the Chicago Mercantile Exchange, Longitude, and ICAP. From the CME: March Nonfarm Payroll Release - Friday, March 9 at 8:30 a.m. EST

Economists' consensus - 100,000

CME Auction Market participants' consensus - 82,500

Based on previous auctions that occurred Tuesday, March 6, Wednesday, March 7 and earlier this morning, CME Auction Market participants predict U.S. employers added 82,500 jobs last month, which is significantly lower than economists' forecasts of 100,000 jobs.

Chart from this morning's CME Auction (March 8, 7:30 a.m. - 8:15 a.m. EST)

Chart from yesterday's CME Auction (March 7, 7:30 a.m. - 8:15 a.m. EST)

Chart from Tuesday's CME Auction (March 6, 7:30 a.m. - 8:15 a.m. EST)