In mid-2014, we introduced the EMSI Job Forecast, a prediction of the previous month’s change in employment three days before the BLS releases its initial number. The goal of our forecast, which is based on a number of leading labor market indicators and data releases, is to give an early look at the current state of the labor market.
EMSI Job Forecast
November was another strong month for job growth, according to EMSI’s job forecast. Our model shows that employers added 233,000 net jobs in November, an estimate that includes total non-farm payroll employment (government included). When factoring in the BLS’s revised numbers, this would be the ninth straight month, going back to February, with at least 200,000 jobs added.