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April 4, 2008 / Toby Dayton

I Guess My Crystal Ball Is Broken…

This week, in looking at JobDig’s record month last month, combined with the significant increase LinkUp saw in job listings on corporate web sites across the country, I predicted that the March jobs numbers were going to surprise people with better-than-expected numbers. The consensus economic forecast was that the U.S. economy had shed 50,000 non-farm jobs in March. Well, the march jobs report was just announced, and the Department of Labor is reporting that 80,000 jobs were lost during the month. It was far worse than expected, and the worst monthly report in 5 years. I guess I need to bring my crystal ball into the shop for a few repairs.

[tags]U.S. Employment Statistics, Do Economists Have A Clue What Is Going On?, Who Has The Best Crystal Ball, March Jobs Numbers, Department of Labor Reports, Predicting The Future Is A Messy Business, LinkUp, Private-Sector Jobs, Non-Farm Payrolls, Seasonally-Adjusted Job Growth, Labor Department, Why Pay Attention To Dept. Of Labor Reports Anyway – They Always End Up Revising The Numbers Later[/tags]