The Monster.com employment index improved to 146 in April from 143 in March and 145 a year ago.

We had a rundown of all payrolls indicators yesterday.

The ‘consensus’ is 160K but the market is probably priced for something a bit lower — say 145K — so expect some positive risk appetite if it comes in on the screws. The unemployment rate is huge and even a reading at 180K won’t be high enough if the unemployment rate rises above 8.2%.