- Larry Green, CFA
SMD is forecasting 193k net new adds in tomorrow's BLS NFP
SmartMarketData LLC is forecasting a net increase of 193,000 jobs in December. This is slightly above the Bloomberg consensus forecast of 190k, and a decline from November's 228k net adds.
Our proprietary model which uses the LinkUp Jobs data set of daily job posts from over 35,000 companies. We believe this dataset gives an objective look at company management teams expectations for future hiring, and therefore future employment trends at the company and macro level.
We believe unemployment will remain at 4.1%, and wages will tick up 0.3%.