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Took a while, but we got there: 7.7%.

According to recent news reports, "Despite Hurricane Sandy and the nationwide shutdown of Hostess Brands Inc., with many of the Twinkie company's 18,500 workers laid off, the nation's payrolls expanded by 146,000 jobs while the unemployment rate dropped to 7.7 percent, the U.S. Labor Department reported."

These numbers are in line with our October 31, 2012 forecast. As we said then "The consensus forecast is for a 7.8% to 8.0% unemployment rate. Our Fully Adjusted Return (TM) Model, combining social and financial data, predicts a 7.7% (unemployment) rate." Unemployment was 7.9% for October.


We also suggested readers "expect a 7.7% unemployment rate in November or December, even with the storm..." 

Today's 7.7% rate completes this forecast cycle. We will release our 2013 GDP and unemployment rate forecasts soon. 

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