For the past few months I have used a systematic model to forecast an estimate of the monthly non-farm payroll data, which is one of the most influential economic data releases. Unfortunately, the Briefing.com current week's economic data and consensus forecasts have been inaccessible all week due to technical problems on the Briefing.com website. As a result, I will be unable to run and post the NFP model estimate before tomorrow's non-farm payroll release.
As I mentioned last month, I am exploring the feasibility of building a neural network model to forecast the monthly non-farm payroll data. I am also exploring the addition of a new variable to the existing model. I will update you on my progress next month - before the January NFP release date.
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