- Larry Green, CFA
SmartMarketData is forecasting a net gain of 229K jobs in tomorrow's BLS Non farm payrolls rele
SmartMarketData, LLC is forecasting an above Bloomberg consensus (190,000) and Bloomberg high (220,000) forecast of 229,000 net new NFP (non-farm payroll) jobs for November, 2018. We forecast the unemployment rate to be steady at 3.7%. We forecast average hourly earnings to tic up .3%.
Our proprietary forecast methodology uses the LinkUp Jobs Data of real time job posts for almost 50,000 companies as a core input. This alternative data set of company job posts are a company management team's best expectation for their company's future employment, and therefore their company's expected growth. When rolled up to a macro level, we believe this gives a near real time look at job growth for the entire US economy.
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