• Larry Green, CFA

SMD is forecasting an Above Bloomberg Consensus(90K) Net New Jobs of 140,000 in Friday's BLS NFP


SmartMarketData, LLC is forecasting an above Bloomberg consensus (90,000) forecast of 140,000 net new NFP (non-farm payroll) jobs for October, 2019. We forecast the unemployment rate at 3.6%. We forecast average hourly earnings to tic up 0.3%.

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.

#SmartMarketData #BLS #AlternativeData #Jobs #LinkUp #NFP #BigData #Quant

7 views0 comments

Recent Posts

See All

Bitcoin price jump Foreshadowed by AMZN Job Post!!

On Friday, Amazon (AMZN) posted a job looking for a “Digital Currency and Blockchain Lead”. The first of its kind for the retail and tech giant. Our near real-time "job post analytics" identified the