• Larry Green, CFA

SMD is forecasting an Above Bloomberg Consensus High (190K) Net New Jobs of 204,000 in Friday's

SmartMarketData, LLC is forecasting a below Bloomberg consensus high estimate (190,000) forecast of 204,000 net new NFP (non-farm payroll) jobs for December, 2019. We forecast the unemployment rate at 3.5%. 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 #NFP #BigData #LinkUp #AlternativeData #Jobs #Quant

2 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