U.S. ECO PREVIEW: Employment Report Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
- Nonfarm Payrolls 178k; range 115k to 220k (87 estimates)
- Private Payrolls 170k; range 120k to 210k (39 estimates)
- Manu Payrolls 5k; range -5k to 11k (24 estimates)
- Unemploy Rate 4.3%; range 4.1% to 4.4% (83 estimates)
- Hourly Earn 0.3% m/m; range 0% to 0.3% (61 estimates)
- Hourly Earn 2.6% y/y; range 2.5% to 2.7% (33 estimates)
- Avg. Weekly Hours 34.4; range 34.4 to 34.5 (32 estimates)
- Labor Force Part 62.7%; range 62.7% to 62.8% (4 estimates)
- "JOLTS data and anecdotal evidence suggest job openings are hitting record high levels. A fresh supply of new graduates as well as seasonal employees -- mainly in food and leisure and hospitality industries -- will join the labor force to satisfy an increased demand for new hires": Bloomberg Intelligence
- Monthly payroll growth has been averaging 162,000 non-farm jobs so far this year, below last year’s 187,000
- The unemployment rate has been below 5 percent for more than year and fell in May to 4.3 percent, the lowest in 16 years
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283