Labor Market Forecast

The employment report is very important for gauging the health of the labor market. there are many forecasts of the unemployment rate and nonfarm payroll change prior to the release of the report.
1) What are the key determinants of labor market movements?
2) If you were asked to forecast the unemployment rate and nonfarm payroll change for March, what information would you use to arrive at your forecast? Provide your forecast for the March unemployment rate and nonfarm payroll change, explaining how you arrived at your forecast.

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