Our econometric model suggests that payroll employment increased by around 125,000 in January. That would be in line with the average gain in the previous three months and suggest that the recent rebound in economic growth has yet to translate into much faster jobs growth. At the same time, the annual benchmark revision to the historical data is likely to show that either more jobs were lost during the recession than currently thought or that fewer have been created during the recovery.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.