A Brief History Of How Economists Miss The Jobs Number

TD Securities economist Millan Mulraine is optimistic. She forecasts that U.S. companies added 145k new jobs in September, which compares to the consensus estimate of 115k.

Having said that, Mulraine also notes that most of Wall Street has been too optimistic.  Here’s a chart showing economists’ error since January 2011:

jobs report

Photo: TD Securities

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.