Current Forecast of Jobs Added to US Payrolls

Units: Thousand People, Average of Month.  Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for Jobs Added to US Payrolls

DateForecast
Apr-18164
May-18173
Jun-18161
Jul-18202
Aug-18203
Sep-18216
Oct-18261

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.