• U.S. Business Economists Forecast Employment, Unemployment — 2016

“Panelists foresee nonfarm payroll growth above 200,000 jobs per month through the end of 2016. But following weak September payroll data, the outlook for 2015 has been revised downward to 202,000 jobs per month. The 2016 forecast for job creation is unchanged from the October survey, just north of 210,000.

”Unemployment rate expectations are slightly more optimistic compared with those in the October survey; the unemployment rate is expected to decline to 4.7% by the fourth quarter of 2016 (compared to 4.8% in the October survey) and average 4.8% next year (compared to 4.9%).…”

Please visit this link to read the full report: National Association for Business Economics

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.

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