{"id":28788,"date":"2025-09-21T07:00:11","date_gmt":"2025-09-21T07:00:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/28788\/"},"modified":"2025-09-21T07:00:11","modified_gmt":"2025-09-21T07:00:11","slug":"six-measures-of-nonfarm-payroll-employment","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/28788\/","title":{"rendered":"Six Measures of Nonfarm Payroll Employment"},"content":{"rendered":"


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Including Philadelphia Fed early benchmark, released today. Several series are below recent peaks, including the early benchmark.<\/p>\n

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Figure 1: CES Nonfarm payroll (NFP) employment (blue), implied preliminary benchmark (tan), early benchmark (green), implied GS final benchmark (red), CPS series adjusted to NFP concept, 3 month centered moving average (pink), and covered QCEW total employment, seasonally adjusted by author using X-13 (light blue), all in 000\u2019s, s.a. Implied preliminary benchmarks calculated by wedging in the revision between 2024M03 to 2025M03. Source: BLS, Philadelphia Fed<\/a>, Goldman Sachs, and author\u2019s calculations.<\/p>\n

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\n\t\t\tThis entry was posted on September 19, 2025<\/a> by Menzie Chinn<\/a>.\t\t\t\t\t\t\t\t <\/p>\n","protected":false},"excerpt":{"rendered":" Including Philadelphia Fed early benchmark, released today. Several series are below recent peaks, including the…\n","protected":false},"author":2,"featured_media":28789,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-28788","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/28788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=28788"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/28788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/28789"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=28788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=28788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=28788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}