Friday, October 4, 2013

Missing jobs data: Economists make best guess

The median answers: 7.3% unemployment and payroll gains of 175,000 jobs last month. "What we're seeing in some of the indicators is that activity has picked up somewhat," says Dean Maki, chief U.S. economist of Barclays Capital, who expected 200,000 job gains last month. Many economists had expected job growth to pick up toward the latter part of 2013 as the effects of federal spending cuts and a payroll tax increase fade. In USA TODAY's survey Friday, economists' median forecast for October's job gains is just 160,000 - assuming that report comes out on time.

Source: http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/8Y0BqYYqn_E/

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