" This is Money Markets & More for a Monday August 3 2009. From the newsroom at the MarketWatch radio network I'm Adrian itself. Coming up what kind of car -- have people been buying under the cash for clunkers program I'm Tracy Johnke summer's almost over but there's still time to travel and boy there are some deals out there that's right there's some really cheap airfares time to gobble them up before they go up again and gates I'll be talking about that in just a minute but first."

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" Unemployment is in focus as we move into August we look at the week on Wall Street with MarketWatch Wall Street reporter Larry Kofsky."

" Adrian it's the first week of the new month and Wall Street's attention turns to jobs economists are expecting more job losses in July. But Nomura securities chief economist David wrestler predicts far fewer losses than in previous month."

" So -- canceling and a decline in nonfarm payrolls of about 250000. Which would make it probably one of the most encouraging. I reports in recent months probably going back to last fall."

" Wrestler is basing his forecast on -- usual activity in the auto industry this summer."

" Normally in July. -- auto companies are cutting. Production and laying workers are as they retool for the new model year. They aren't doing that this year so this suggests to us that we could see an increase in employment and some key segments of the manufacturing sector."

" Most economists are not quite so optimistic the consensus calls for 333000. Jobs lost. Still an improvement from June and an uptick in the unemployment rate to nine point 6%. Analysts have long pointed out that job declines are likely to continue even after recovery takes hold. This week we'll also bring industry reports on July car sales and pending home sales for June. The nation's purchasing managers will look at July manufacturing. And we'll get government reports on construction personal incomes and spending and consumer credit Adrian."

" Thanks Larry. Ford says the unexpectedly. Popular cash for clunkers program has not only been moving cars off the lots it's been moving smaller more fuel efficient vehicles. Ford sales analyst tells Reuters buyers who have traded in their gas guzzlers to get the cash incentive. Have been choosing gas sipping car is more than baker trucks so the program seems to be achieving its desired ends. Ford is -- stock to watch this Monday after it surged to eight dollars to end the week. If you'd like to get away before fall now's a good time to fly and -- and Tracy Johnke are here to tell us more."

" Hello there Adrian of the summer is winding down that may be your travel plans are to but -- if you are looking to flying now may be that time and joining us talk about that. Is and hates our consumer and."

" Indeed -- right now airline airfare ticket prices are at their lowest level than they were. Ten years ago prices have just completely plunged at this point. And as you mentioned the -- summer travel season which is usually pretty busy is winding down so basically. From mid August intelligence reports Thanksgiving you should be able to finds -- really really good deals on air fares. And that it just sounds -- ten years I mean. Leafs haven't human race this low in ten years right as a matter of fact in the first quarter. Air -- the average high price of the plane ticket foul more than 9% to an average of 315 dollars in the first quarter compared to the fourth quarter. And that plunges the steepest on -- that's according to a federal statistics are out there. And as they said that that it considering what the prices were ten years ago that's their they're basically on a par. Now when you go to the airport and I I mean they've added all these fees to. Hated check of Bagger to and -- And yet there's no more amenities on a lot of airlines have to buy your own lunch or whatever but does that include all the fees that -- attacked I don't think so I think that's just I think that these -- federal government numbers -- I'm assuming that they're just averaging the price of the ticket since -- different airlines have different. Things that they like to charge for."

" So it it might seem lower than perhaps we are. Are still paying a little bit more but that they are they -- line especially since you know made the airlines especially last summer had paid those record. Fuel prices rain and and -- in after 9/11 of course be. People stop flying in and -- and they've been struggling so it's just amazing to me that sent an of course airlines to or racing bears none too long ago and they were."

" Our Mac can speak from personal experience last summer about this time I went. To Minneapolis to and the ticket costs on to say 250 dollars I -- went to take the exact same trip in January. The price had quadrupled for that exact same flight same time of day. Paid quadrupled I had to sort of read jagr might travel plans today to come up with something cheaper. I just looked at it again. Today just out of curiosity after reading this story and it's back to basically where was last summer in fact a little bit cheaper. And this is happening airlines to cut capacity. By a whole lot that they're they're packing their flights more than not doing as many flights so but they're but they're being. -- their hands or force is jet fuel prices are falling but conversely you have all those us. Online travel web sites like Expedia and that that that's forcing airlines the -- on there and say well. Southwest -- again give me a flight to Chicago for a blob blob so that means some of the other carriers can't. They can't charge three times so obviously frowned as -- for the land for survey is sort of an official price wars that that the that the -- and the industry which issues that said. Against basically began after 9/11 and with a higher fuel prices it's discontinuing an event that but if -- trap or on the other hand misses a great time to do it."

" They have the money -- things there is that thing I mean. --"

" Travel still has not rebounded that that -- business traveler used to be a big. Filler of airplanes that right now at least -- session on companies are doing teleconference saying him. Good old phones or emails are never -- to handle things as opposed to business traveler a road warrior heading out somewhere it's until all the stuff starts to bounce back. Got get a plane ticket. "

" Dianna you have any flexibility your travel meet the union mines the last minute trip it does seem to be that. That your there are some deals to be had indeed. I thank you thank me thank you thanks Tracy and and you're invited to follow us on Twitter at MW radio look for MarketWatch radio network on FaceBook. Or email us at MarketWatch radio -- at Yahoo.com. And that's it for Money Markets & More. I'm Adrian Mitchell thanks for listening. Till next time."

" But it."