U.S. private nonfarm payrolls in April are projected to increase by 204,000 (seasonally adjusted) over the previous month in tomorrow’s Labor Dept. report, based on The Capital Spectator’s average point forecast for several econometric estimates. The prediction represents a modest improvement over the previous month’s increase.
Two estimates based on recent surveys of economists point to a slightly lower gain for private payrolls in April relative to The Capital Spectator’s average projection. Note, however, that the April estimate of private payrolls via ADP’s data suggests that we’ll see a hefty deceleration in job growth, as per the R-1 forecast in the table below
Here’s a review of the numbers, followed by brief summaries of the methodologies behind the forecasts that are used to calculate The Capital Spectator’s average prediction:
Comments
Log in or sign up to join the conversation.