SMD is forecasting a below consensus low print of 140K Net New Non-Farm Payrolls in tomorrow's B
SmartMarketData, LLC is forecasting 140K net new non-farm payroll jobs in April, below the Bloomberg consensus (191K), and below the Bloomberg low estimate (145K).
Using our proprietary model, which utilizes the LinkUp Job Post Data, a daily,
real-time data set comprised of over 50,000 companies job posts, with over 10 years of history, we saw job post creation, and active job posts decline in April leading in part to our street low estimate.
We expect average hourly earnings to tic up 0.2%, above consensus.
We expect the unemployment rate to tic stay flat at 4.1%.