ECONOMICS COMMENTARY
Mar 28, 2014
PMI-based advance indicators of US BLS non-farm payroll data
Markit's US PMI survey coverage encompasses private sector services as well as manufacturing. The surveys include a number of indicators, such as output, new orders, prices and employment. While the output index acts as a reliable guide to GDP, the employment index also provides an accurate advance guide to the official non-farm payroll data published by the Bureau for Labor Statistics.
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