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