U.S. ECO PREVIEW: Jobs Report Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
- Nonfarm Payrolls 180k; range 100k to 267k (87 estimates)
- Private Payrolls 170k; range 125k to 270k (42 estimates)
- Manu Payrolls 17k; range -5k to 32k (22 estimates)
- Unemploy Rate 4.7%; range 4.6% to 4.8% (82 estimates)
- Hourly Earn 0.2% m/m; range 0.1% to 0.4% (63 estimates)
- Hourly Earn 2.7% y/y; range 2.6% to 2.8% (25 estimates)
- Avg. Weekly Hours 34.4; range 34.3 to 34.5 (35 estimates)
- "The March jobs report will provide two critical signals: First, the magnitude of the payroll gain will indicate whether hiring momentum is indeed increasing, or whether the February upside surprise was an anomaly, potentially related to mild weather conditions early in the year. Second, the aggregate income trend will be scrutinized in order to determine if consumer spending is in jeopardy following an inordinately weak start to the quarter": Bloomberg Intelligence
- In February, the economy added 235,000 non-farm jobs, led by the largest increase in construction employment in almost a decade
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283