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October 30, 2023 09:52 GMT
MNI China Daily Summary: Monday, October 30
October 30, 2023 02:13 GMT
MNI: China CFETS Yuan Index Down 0.09% In Week of Oct 27
Market News Topics
January 04, 2018 15:24 GMT
MNI: US Data Forecast Focus: December Payrolls Seen Up 190,000
WASHINGTON (MNI) - Nonfarm payrolls are forecast to rise by 190,000 in
December after an above-expectation reading in November. The unemployment rate
is expected to stay at 4.1%, still very low by historical standards. Annual
revisions will be release with the December data. Hourly earnings are forecast
to rise 0.3% after a 0.2% gain, while the average workweek is expected to stay
at 34.5 hours after climbing to that point in November.
Analysts underestimated payrolls in November after overestimates in the
previous three months. Past data for December show six misses to the high side
and four misses to the low side over the last 10 years, but those four estimates
have occurred in the most recent six years.
Forecast: Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
----------------------------------------------------------------------------
Median 181 180 70 315 200 190
Range High 220 200 125 350 250 210
Range Low 170 160 -45 200 165 170
Actual original result 209 156 -33 261 228 #N/A
vs med. forecast -28 24 103 54 -28 #N/A
Historical comparison: Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16
Median 150 150 200 238 210 173
Range High 200 200 250 300 230 210
Range Low 110 90 120 175 180 150
Actual original result 200 155 74 252 292 156
vs med. forecast -50 -5 126 -14 -82 17
Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
ISM Mfg Employment 55.2 59.9 60.3 59.8 59.7 57.0
ISM Nonmfg Employment 53.6 56.2 56.8 57.5 55.3 NA
Conf Bd Jobs Plentiful 33.2 34.4 32.7 36.7 37.5 35.7
Plentiful/Hard to Get Gap 14.5 16.0 14.7 19.6 20.7 20.5
Net change from survey week:
Initial claims (Chg thsnd) 8 -2 28 -37 17 5
4-week mvg avg -1 -4 28 -20 -9 -4
Continuing claims 20 -11 -43 -11 60 -9
Strikers (Net Chg thsnd) UNCH 1.7 -1.7 UNCH UNCH UNCH
ADP Emp Report (Chg thsnd) 198 228 96 238 185 250
--MNI Washington Bureau; tel: +1 202-371-2121; email: kevin.kastner@marketnews.com
[TOPICS: MTABLE,MAUPR$,M$U$$$]
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