US Data: Highlights of Market Survey of Economic Forecasts

    WASHINGTON (MNI) - The following are highlights of forecasts for 

upcoming U.S. economic indicators provided by Bloomberg forecasts. The 

comment section presents the key elements behind the median forecasts.

       October Nonfarm Payrolls (thousands)

Friday, November 1 at 8:30 a.m. EST                         

                                                             Actual:

                    Median                            Oct19  Sep19 Aug19      

Index:               85                                --     136   130

     Comments: Nonfarm payrolls are expected to drop to 85,000 in October 

from a stronger 136,000 reported in September.   

     October Private Payrolls (thousands)

Friday, November 1 at 8:30 a.m. EST                         

                                                             Actual:

                    Median                            Oct19  Sep19 Aug19      

Index:               80                                --     114    96

     Comments: Private Payrolls are expected to follow suit with Nonfarm 

Payrolls and drop to 80,000 after 114,000 reported in September.  

      October Unemployment Rate (percent change)

Friday, November 1 at 8:30 a.m. EST                         

                                                             Actual:

                    Median                            Oct19  Sep19 Aug19      

Index:               3.6                               --     3.5   3.7

     Comments: The unemployment rate is ticking up just slightly to 3.6 

from 3.5 in September. The August reading was 3.7, making this a fairly 

stable figure. 

     October Work Week Hours & Earnings (percent change & hours)

Friday, November 1 at 8:30 a.m. EST                         

                                                             Actual:

                    Median                            Oct19  Sep19 Aug19      

Hours:                34.4                             --    34.4   34.4

     Earnings:             0.3                              --    0.4     0.4 

     Comments: October work week hours are expected to remain around the

constant average of 34.4, while earnings are anticipated to soften to 0.3% after

two months of 0.4% upticks.  

     October ISM Manufacturing Index (index)

Friday, November 1 at 8:30 a.m. EST                         

                                                             Actual:

                    Median                            Oct19  Sep19 Aug19      

Index:               49.0                               --   47.8  46.0

     Comments: The ISM Manufacturing Index is projected to rise to 49 after

September's reading of 47.8. This would mark the fourth month of consecutive

increases. 

     September Construction Spending (percent change)

Friday, November 1 at 8:30 a.m. EST                         

                                                             Actual:

                    Median                            Sep19 Aug19 Jul19     

Change:              0.2                               --    0.1   0.1

     Comments: Construction Spending is expected to increase to 0.2% after

August's reading of 0.1%. 

     October Markit Manufacturing Index(index)

Friday, November 1 at 8:30 a.m. EST                         

                                                             Actual:

                    Median                            Oct19  Sep19 Aug19      

Index:               51.5                              --    51.5  50.3

     Comments: The Markit Manufacturing Index is expected to remain unchanged at

51.5.

--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com

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