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SMD is forecasting a below consensus print of 178K net new jobs in tomorrow's non-farm payrolls

  • Larry Green, CFA
  • May 31, 2018
  • 1 min read

SmartMarketData LLC is forecasting 178K net new non-farm payroll jobs in tomorrows Bureau of Labor Statistics jobs report, below the Bloomberg consensus 190K.

We are also looking at the unemployment rate staying flat at 3.9%, and average hourly earnings to tick up .1%.

Based on what we are seeing, next month could be another miss versus consensus as well.

Our forecasts are based on proprietary models which use the real-time LinkUp Jobs Data set of over 100 million job posts from over 40,000 companies world wide.

 
 
 

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