Pantheon Macroeconomics - Our payroll model, which incorporates survey data as well as the error term from our ADP forecast, points to a hefty 225K increase in November employment. We have tweaked the forecast to the upside because of the tendency in recent years for the fourth quarter numbers to be stronger than the prior trend, as our first chart shows.

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2 December. 2016 Friendly Seasonals Set to Push Payrolls Back Above 200K?

By Ian Shepherdson

Our payroll model, which incorporates survey data as well as the error term from our ADP forecast, points to a hefty 225K increase in November employment. We have tweaked the forecast to the upside because of the tendency in recent years for the fourth quarter numbers to be stronger than the prior trend, as our first chart shows.

Posted: 1st Dec 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 2 December. 2016 Friendly Seasonals Set to Push Payrolls Back Above 200K?

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