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Traders: Expect a 'Blowout' Jobs Report?

Thursday, 1 Apr 2010 | 6:57 PM ET

The jobs report has been weighing on the minds of traders all week as numbers come out on Friday, a day when the market is closed. Can traders expect a game-changing report, fueled by government jobs and a strengthening private sector?

Joe Lavorgnia, Chief Economist at Deutsche Bank, gives the three reasons why he thinks the report will be strong. First, he says, temp hiring will be 'off the charts' with so many companies filling in the need for extra help with temporary workers. Historically temp hiring has had a really great track record in calling turning points in the labor market, he points out.

Econ Desk
Why investors should expect a blowout jobs report tomorrow, with Joe LaVorgna, Deutsche Bank.

Second, you can expect the ISM employment data to be strong, and continue to accelerate. With a 'massive inventory correction,' manufacturing jobs should be coming back following strong manufacturing numbers from key economic players on Thursday.

Lastly, Lavorgnia expects to see a change from "weather workers," as he points out about 1 million jobs were distorted by the northeast's inclement weather, which he expects to combine with the first two reasons to propel the jobs number higher on Friday.

Lavorgnia expects to see 350,000 jobs to be added in the report, which is far above the consensus of 182,000, but does this set us up for higher interest rates? He doesn't think that a high jobs number will hurt stocks, instead he believes that the higher the number, the more bullish the market will be. He sees benefits of a good number affecting financials, consumer discretionaries and equities in general.

For Lavorgnia's full analysis and the reaction of the traders, check out the video!


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Trader disclosure: On April 1st, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;

Adami Owns (AGU)
Adami Owns (C)
Adami Owns (GS)
Adami Owns (INTC)
Adami Owns (MSFT)
Adami Owns (NUE)
Adami Owns (BTU)

Seymour Owns (AAPL)
Seymour Owns (FXI)
Seymour Owns (VALE)
Seygem Asset Management Owns (PBR)

Najarian Owns (BPOP) Calls
Najarian Owns (CENX) Calls
Najarian Owns (JDSU), Is Short (JDSU) Calls
Najarian Owns (WFR) Calls
Najarian Owns (YHOO) Calls


Finerman's Firm Is Short (IYR)
Finerman's Firm Is Short (IJR)
Finerman's Firm Is Short (MDY)
Finerman's Firm Is Short (SPY)
Finerman's Firm Is Long S&P Puts
Finerman Owns (AAPL)
Finerman's Firm And Finerman Own (GGP)
Finemran's Firm And Finerman Own (RIG)

TAVIS MCCOURT
***NO DISCLOSURES ON STOCKS TO BE DISCUSSED

BRIAN STUTLAND
***NO DISCLOSURES

CARTER WORTH
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CHARLES BIDERMAN
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JEFF RUBIN
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JOE LAVORGNA
***NO DISCLOSURES

Finerman/PLCE 2/25, PLCE 3/3

Kanundrum Capital Is Long U.S. Dollars
Kanundrum Capital Owns (AWI)
Kanundrum Capital Owns (FNM)
Kanundrum Capital Owns (FRE)
Kanundrum Capital Is Short Treasuries
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Yen
Kanundrum Capital Is Short Swiss Franc
Kelly Owns (FXE) Puts

Edwards Owns (AAPL) For Clients
Edwards Owns (AMZN) For Clients
Edwards Owns (DELL) For Clients
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