Analysts Tweak Jobs Estimates For March, Likely In The Wrong Direction

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Harrison Roger
Published on
Updated on

Every watcher of the labor market now knows that seasonally adjusted jobs number – 175K.  The +175K is about 5K above what the market expected. The +175K makes the third month of an increasing trend in the seasonally adjusted job number, which is causing many analysts to raise their March jobs target higher. With this as the background, how likely is next month’s job figure to come in below target? Because the answer lies partly in how actual estimated counts get seasonally adjusted, here’s some background on the non-seasonally adjusted numbers. The seasonally adjusted number of +175K is based upon...

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Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.