Average Monthly Change in Employment- February 2010 NABE Outlook
With all the major employment reports being released this week, the Graph of the Week is the average monthly change in employment from the February 2010 NABE Outlook
Despite scant confirmation thus far, NABE panelists are sticking with their November prediction of an end to the jobless recovery. The median forecast is for an average monthly increase of 50,000 jobs during the first quarter of 2010, up from November’s forecast of no net change. For the year as a whole, the forecast is essentially unchanged; the latest prediction of an average monthly gain of 103,000 is close to November’s prediction of 116,000. Similarly, the jobless rate is expected to decline to 9.6 percent by the fourth quarter, comparable to November’s prediction of 9.5 percent.
NABE members can read the full survey here. There is a summary available for the public.
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