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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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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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