Here’s the second installment of excerpts from my new book Nowcasting The Business Cycle: A Practical Guide For Spotting Business Cycle Peaks Ahead Of The Crowd. Earlier this month I published the Preface.
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Private nonfarm payrolls in the US are projected to increase 198,000 (seasonally adjusted) over the previous month in tomorrow’s April release of the ADP Employment Report, based on The Capital Spectator’s median econometric point forecast. The expected rise is slightly below a pair of consensus forecasts via surveys of economists.
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