May Payroll Employment – Trend Forecast Reviewed

Posted - Filed under Payroll Survey, Release Observations.

According to the BLS Survey, Non-Farm Payroll employment grew by 217,000, and within that figure, Private sector payrolls by 216,000 in May.

Our purely mathematical “trend forecast” based on the BLS’s model for seasonal adjustment, had given 235,000 and 231,000 respectively as the continuation of trend for those payrolls. Construction and Health Care came in below and above trend, respectively. Read More