LinkUp Forecasting Net Gain of Just 135,000 Jobs For August’s NFP Report

We’ll have more analysis in the next few days (our monthly data doesn’t get processed 1AM after the last day of the month) but I wanted to get this published before tomorrow’s Non-Farm Payroll report for August.

In July, new and total jobs declined 9% and 1% respectively, with the vast majority of states reporting declines in new and total job listings.

 

Jobs By State July 2017

 

Based on the blended decrease of 5% between new and total jobs, we are forecasting a net gain of just 135,000 jobs for August.

 

August 2017 NFP Forecast

 

The consensus forecast is 180,000 jobs, and ADP’s report set an August record, but as Bloomberg reported this week, economists have overestimated August payroll gains for 6 straight years. Let’s hope the streak continues.

 

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Molly is a founding member of LinkUp Job Search Engine and has over 12 years of experience in recruiting and talent management. As SVP of Marketing, she works closely with key members of enthusiast, consumer and business media, vendors, agencies, and direct clients. In 2015 she was named by LinkedIn as one of its Top 10 Voices on Management and Corporate Culture. Outside of work, Molly enjoys any outdoor activity, is a wannabe chef, a chicken wing connoisseur, and partakes in weekly dance parties with her two small children.

Molly Moseley

Molly is a founding member of LinkUp Job Search Engine and has over 12 years of experience in recruiting and talent management. As SVP of Marketing, she works closely with key members of enthusiast, consumer and business media, vendors, agencies, and direct clients. In 2015 she was named by LinkedIn as one of its Top 10 Voices on Management and Corporate Culture. Outside of work, Molly enjoys any outdoor activity, is a wannabe chef, a chicken wing connoisseur, and partakes in weekly dance parties with her two small children.

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