WANTED Technologies is forecasting that the Bureau of Labor Statistics will report a loss of 260,000 jobs in its upcoming June Employment Situation report.
WANTED’s forecasting model combines data the BLS reports with changes in levels of online job ad volume. As can be seen in the accompanying chart above, the percentage change in year-over-year job ad volume has been improving since April. The improvement in the level of Hiring Demand in June was among the largest since the onset of the recession in December 2007.
WANTED is predicting a loss 11,700 jobs in Transportation and Warehousing, and a gain of 30,200 jobs in Health Care.
In addition, WANTED expects the BLS to report a loss of 16,000 jobs in Finance and Insurance. Within sub-groups of that industry, WANTED forecasts a drop of 7,600 jobs in credit intermediation and related services, a decline of 7,300 jobs in securities and commodities, and a loss of 1,600 positions with insurance carriers.
The Bureau of Labor Statistics is scheduled to release its Employment Situation report for June on the morning of Thursday, July 2.
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