by oldprof

Payroll Employment Feb.

Jeff is away at the end of this month, February, but the game continues…

We look for a number of 114,840. A problem in forecasting is that the "real answer" is not the one
that will be reported next Friday.  That number is subject to change over
the next two months as more establishments file their reports.  It is
also subject to revision when payroll survey results are benchmarked
against state employment records.

Get out your crystal ball or play the payroll employment game yourself to prove it!

-mm-

in Forecasting / Interpreting Data 4 comments

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4 comments

  • Steve March 1, 2007  

    Just a heads up, the Nonfarm Payrolls will be reported next Friday, March 9th.

  • Shrek March 1, 2007  

    LOL

  • marlyn trades March 2, 2007  

    It is also totally meaningless to anything except Forex traders who game the number as a relationship to interest rates.

  • Allric David October 3, 2011  

    Payroll is often used as a way to save money on employee management and administrative costs. Outsourcing payroll factor processing, tax management and other functions can result in significant savings for an employer.
    PAYROLLING FACTOR