Jobs Loss Forecast: 260k-350k

WANTED is predicting that the Bureau of Labor Statistics will announce 260,000 jobs were lost in June, which would be a huge improvement over the 345,000 lost in May, and an even bigger improvement over the past few months which have seen losses of over half a million jobs.

WANTED, a hiring consultancy, calculated their numbers based on a combination of payroll data and online job ad volume.

Thomson Reuters predicts a decline of 350,000 jobs in June. Bloomberg polled 72 economists and got the magic number 355,000.

We’ll find out for sure on July 2, when the BLS releases its data. Stay tuned.