Tag: Preliminary
A Puzzle: Non-public NFP and the Preliminary Benchmark vs. Present Official [updated]
The puzzle stays: regardless of an under-consensus 99K addition to personal ADP-Stanford NFP (far under consensus 144K). ADP cumulative change above CES cumulative change,...
Extra on the Preliminary Benchmark in Context
Recall the preliminary benchmark deducted 818K from the March NFP studying.
Determine 1:Â Stage of nonfarm payroll employment from CES (blue), implied from CES preliminary benchmark...
A Puzzle: Personal NFP and the Preliminary Benchmark vs. Present Official
The ADP survey cumulative improve in personal NFP since 2023M03 is 3.1mn, extra than the two.8mn reported within the present official CES sequence.
In distinction,...
The Preliminary Benchmark Revision in Context
818 downward revision in March 2024 NFP.
Determine 1: Degree of nonfarm payroll employment from CES (blue), implied from CES preliminary benchmark (pink), from Philadelphia...
Guesses on the Preliminary Benchmark Revision to Nonfarm Payroll Employment
From Saraiva/Bloomberg:
Goldman Sachs Group Inc. and Wells Fargo & Co. economists count on the federal government’s preliminary benchmark revisions on Wednesday to indicate payrolls...
