BUSINESS INSIDER FLASH PROJECTION: The US Economy Added Just 90K Jobs This Month

By admin on June 26, 2012

In recent months Business Insider has been making a Non-Farm Payrolls (jobs report) prediction in the days ahead of the official number. Our estimate is based on a variety of data. Starting in May, Business Insider began presenting a series of “flash” estimates, as the economic data is reported, allowing us to build out our model. This is the first installment in the June series, which we will be updating before next Friday’s announcement.

Business Insider projects that next Friday’s Non-Farm Payrolls report will show the economy added 90,000 net new jobs in June, slightly below Wall Street consensus.

Wall Street currently forecasts U.S. employment increased by 96,000 new jobs during the month.

Flash projections are based on regional Federal Reserve data and are updated as the five districts that publish monthly regional readings report over the course of the month. Those districts include the New York, Philadelphia, Kansas City, Dallas and Richmond reserves.

The June figure is currently based on data from New York, Philadelphia, Dallas, and Richmond. While some regions have reported overall weakness, employment trends generally held up.

“Labor market indicators reflected stronger labor demand growth and steady workweeks,” the Dallas Fed said in a statement. “Twenty-one percent of firms reported hiring new workers, while 8 percent reported layoffs.”

The model has an R square with first NFP changes (pre-revisions) of 0.7050.

Below, output from the model — plotting actual changes in monthly employment (vertical) to the model’s forecast (horizontal).

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0 Comments

Jojo

February 16, 2012 at 9:42 pm

scarry as fuck

Reply
Mark Haughton

February 16, 2012 at 10:04 pm

wtf is this; what is this in comparison too? i dont get it

Reply
Hasheyehosh

February 16, 2012 at 10:17 pm

am black, but this shit be interestin! can’t wait for part 2
#.i

Reply
BKPE

February 16, 2012 at 11:11 pm

hilarious, as a black female i cannot comment until i see the whole thing but still HILARIOUS!!!

Reply
Cupids_Assassin

February 16, 2012 at 11:13 pm

@Cupids_Assassin follow for the truth..

Reply
D_Luis_P

February 17, 2012 at 2:49 am

It’s a bluff… The aliens just wanna see if we have evolved from racial slavery. They have nothing to offer, just conquest.

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Julius Mckinney

February 17, 2012 at 5:44 am

Thats crazy

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Coshae D Abo Abdo

February 17, 2012 at 6:37 pm

crazy stuff but funny too

Reply
Limahbean66

February 18, 2012 at 5:45 am

I saw this movie years ago in the early 90′s, the name of this movie if I can recall is the twilight zone……

Reply
Maurice Hooks

February 19, 2012 at 5:56 am

some ppl r so blinded to the facts… u believe in false hope… and dnt get the bigger picture.. open ur eyes ppls

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Dj Tragic

February 21, 2012 at 7:31 pm

The movie is called The Cosmic Slop

Reply