Mathematical biases in the seasonal adjustment process are used briefly to examine the projected trend for March’s BLS Payrolls Report (Friday, April 4th). Read More
Posts Categorized: Release Preview
February Jobs Report Preview: Trend calls for 183,000 more jobs.
Mathematical biases in the seasonal adjustment process are used to examine the projected trend for February’s BLS Payrolls Report (Friday 7th). Revisions or reversals to two major sector move in January may impact the trend. Read More
October Payrolls: Seasonal Factor Biases
Strong biases in the mathematics place downward pressure on October numbers. Bias towards baseline growth of less than 100,000 jobs – even without any private sector furloughs due to the government shutdown. Read More
September Payrolls – Trend Forecast
The mathematical trend is for an increase of 163,000 private-sector, non-farm jobs in September. Our further analysis suggests a possible upside bias to 173,000. October growth to be hit hard by local government seasonal “catch-up”. Read More