11/01/2019 Toby Dayton

LinkUp Forecasting A Better Than Expected Jobs Report For October

Our paired-month jobs data for October finished processing and was delivered early this morning, just in time to allow for a very quick analysis. We’ll be processing and evaluating all of our monthly jobs data this morning and we will publish the usual charts and graphs as soon as possible, but for now, we want to focus on just the non-farm payroll forecast which will be released in about 30 minutes.

In October, looking at our paired-month data, new and total job listings rose 5% and 2% respectively, with a vast majority of states showing job gains.

 

 

Based on our October data, we are forecasting non-farm payroll gains of 160,000 for October, well above the 85,000 consensus estimates in Bloomberg’s monthly survey.

 

 

We’ll be publishing additional information in the next few days as we sift through all of our job market data for the month.

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