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The outlook for the labor market is notably stronger says the National Association for Business Economics consensus of macroeconomic forecasts from a panel of 50 professional forecasters. The median forecast for nonfarm payroll growth is 251,000 for 2015—a substantial upgrade from December’s forecast of 217,000—and 216,000 for 2016. The outlook for unemployment has also brightened: in December the 2015 unemployment rate was expected to average 5.6%; the current median forecast is 5.4%. The median forecast for 2016 is for unemployment to decline further to an average rate of just 5.1%. Please visit this link to read the report: NABE NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
30 March 2015
• U.S. Business Economists Say Labor Market Improving — March 2015
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