REPEAT: Couple previews ahead of....>

US DATA PREVIEW: REPEAT: Couple previews ahead of Fri's May nonfarm payrolls

(-7.500M est vs. -20.537M for April). Range of the 75 participants that took

Bbg's survey for the data has an overly ambitious low of -800k up to -12M high.

- MUFGs director John Herrmann estimate is for -4.6047M, "reveals that the U.S.

economy shed nearly 26.000 million jobs over the months of March-April-May!"

Though "staggering", Herrmann said their model posits "risk that labor market

conditions are very near a 'turning point' by the last week of the month of May,

and that a total nonfarm payroll increase likely may be witnessed for the month

of June (reported in early July)."

- RBS/NatWest estimate -5.0M with private sector -4.0M and unemployment rate at

19.5%. "Outside of April's performance, a decline of 5.0 million jobs in May

would be the second-largest monthly decline ever recorded. Meanwhile, consumer

surveys suggest that household confidence in the labor market remains low, and

jobless claims remain high (albeit down from earlier levels)."