Rebuilding after Hurricane Sandy Likely Gives Economy Temporary Boost
Sausalito, CA — December 6, 2012 — TrimTabs Investment Research estimates that the U.S. economy added 202,000 jobs in November, up 44% from 140,000 in October.
TrimTabs’ employment estimates are based on an analysis of daily income tax deposits to the U.S. Treasury from all salaried U.S. employees. They are historically more accurate than the initial estimates from the Bureau of Labor Statistics (BLS). Read More
BLS Revises August Estimate Up 100%, to 192,000, Nearly Identical to TrimTabs’ Original Tax Based Estimate of 185,000.
TrimTabs Says Economy Adds 140,000 Jobs in October, While BLS Reports Gain of 171,000.
TrimTabs’ Real-Time Data Says Economic Growth Slows in October, While BLS Reports Acceleration
The Bureau of Labor Statistics (BLS) revised their preliminary August employment estimate up 100%, from their preliminary estimate of 96,000 new jobs, to 192,000. The BLS’ revised estimate is nearly identical to TrimTabs original estimate of 185,000. In addition, the BLS revised their September employment estimate up 25%, from their preliminary estimate of 114,000 new jobs, to 142,000. The BLS’ revised estimate is closer to TrimTabs’ original September estimate of 210,000. We expect the BLS to revise its September employment estimate up again in November. Read More
TrimTabs Says BLS Employment Estimates Lag Real-Time Economic Data
Sausalito, CA — October 31, 2012 — TrimTabs Investment Research estimates the U.S. economy added 140,000 jobs in October, down from its estimates of 210,000 new jobs in September and 185,000 jobs in August. Meanwhile, TrimTabs expects the U.S. Bureau of Labor Statistics (BLS) to report that job growth improved in October compared to its estimate of 114,000 new jobs created in September. Read More
BLS Revises August Job Growth Up 48%
TrimTabs Says Hefty Upward Revisions to BLS’ September Jobs Data Likely
Sausalito, CA – October 5, 2012 – TrimTabs Investment Research said today that the Bureau of Labor Statistics’ (BLS) hefty upward revision of its August job growth estimate proves that the BLS missed the important acceleration in job growth this summer because it relies on incomplete surveys that are frequently revised. Read More
Flawed BLS Establishment Survey Misses Acceleration in Employment
Sausalito, CA – October 3, 2012 — TrimTabs Investment Research estimates the U.S. economy added 210,000 jobs in September, a 14% increase from its estimate of 185,000 new jobs in August and an 83% increase from its estimate of 115,000 jobs in July. TrimTabs believes the recent acceleration in job growth is due to an improvement in interest rate sensitive sectors such as housing, mortgage refinancing, and automotive, but is unlikely to last past the end of the year. Read More
Sausalito, CA – August 1, 2012. TrimTabs Investment Research estimates the U.S. economy added 115,000 jobs in July, a 53% increase from its estimate of 75,000 new jobs in June, but down 7.3% from its estimate of 124,000 jobs in May. Meanwhile, the consensus view is that the U.S. Bureau of Labor Statistics (BLS) will report July job growth of 90,000 on Friday. Read More.