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Q: Forecast for U.S. Employment Growth (%) for 2005 ( No Answer,   1 Comment )
Question  
Subject: Forecast for U.S. Employment Growth (%) for 2005
Category: Business and Money > Employment
Asked by: sirkenneth-ga
List Price: $2.00
Posted: 12 Apr 2005 16:11 PDT
Expires: 12 May 2005 16:11 PDT
Question ID: 508529
Forecast for U.S. Employment Growth (%) for 2005
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There is no answer at this time.

Comments  
Subject: Re: Forecast for U.S. Employment Growth (%) for 2005
From: jack_of_few_trades-ga on 13 Apr 2005 07:56 PDT
 
Here is current data from the FRED (thousands):
http://research.stlouisfed.org/fred2/data/CE16OV.txt

2003-01-01  137429
2003-02-01  137365
2003-03-01  137451
2003-04-01  137628
2003-05-01  137552
2003-06-01  137775
2003-07-01  137511
2003-08-01  137593
2003-09-01  137619
2003-10-01  138022
2003-11-01  138457
2003-12-01  138409
2004-01-01  138481
2004-02-01  138334
2004-03-01  138408
2004-04-01  138645
2004-05-01  138846
2004-06-01  139158
2004-07-01  139639
2004-08-01  139658
2004-09-01  139527
2004-10-01  139827
2004-11-01  140293
2004-12-01  140156
2005-01-01  140241
2005-02-01  140144
2005-03-01  140501

Doing the math, the annual increase has typically been between .7% and
1.5% during this timeframe.  Most experts tend to agree that the
economy is on a nice upswing, so I think 1.3% is a reasonable
expectation for the rest of 2005.  That would look like this:

2005-04 140653
2005-05 140806
2005-06 140958
2005-07 141111
2005-08 141264
2005-09 141417
2005-10 141570
2005-11 141723
2005-12 141877

Of course this is a forecast and could be quite flawed.  The mid to
late 90s showed employment growth around 2% and 2001 showed a slight
negative growth.

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