U.S. Nonfarm Payrolls: September 2013 Preview (Assumed)
James Picerno | Oct 03, 2013 07:45AM ET
The Labor Department's employment report for September, officially scheduled for release tomorrow, October 4, will be postponed because of the government shutdown. But assuming that the data will be published at some point, private nonfarm payrolls in the US are projected to increase 192,000 (seasonally adjusted) in the September update from the Labor Department, according to The Capital Spectator's average econometric point forecast. The projected gain is substantially higher than the previously reported increase of 152,000 for August. Meanwhile, The Capital Spectator’s average projection for September is moderately above a pair of consensus forecasts for private payrolls, based on surveys of economists.
Here's a closer look at the numbers, followed by brief summaries of the methodologies behind The Capital Spectator's projections:
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