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
Jan-18200
Feb-18200
Mar-18220
Apr-18210
May-18190
Jun-18170
Jul-18120

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.