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. The comment section presents the

key elements behind the median forecasts.

Nonfarm Payrolls for March (change in thousands and millions) 

 Friday, June 5 at 8:30am (ET)                                

                                                            Actual 

                 Median                             May20    Apr20    Mar20     

Payrolls        -8.000m                                -- -20.500m  -0.881m     

Private Jobs    -7.250m                                -- -19.520m  -0.853m     

Jobless Rate      19.5%                                --    14.7%     4.4% 

Avg Hrly Earnings  1.0%                                --    +4.7%    +0.5%    

Avg Wkly Hrs       34.3                                --     34.2     34.1    

     Comments: Markets expect nonfarm payrolls to have plummeted by -8.000

million in May, still an improvement from the record-shattering 20.5 million

jobs lost in April. Many states reopened in late April and early May, putting

many Americans back to work for the first time in more than a month, but initial

unemployment claims have remained highly elevated, nearing 12 million during the

reference period for Friday's report. The unemployment rate in May is expected

to reach 19.5%, rivaling Great Depression-era joblessness. The labor force

participation rate should rise as social distancing measures are rolled back. 

Consumer Credit for (dollar change, billions) 

 Friday, June 5 at 3:00pm (ET)                          

                                                             Actual

               Median                                Apr20    Mar20   Feb20     

Cons Cred   -$20.000b                                   --  -$12.0b +$22.3b     

     Comments: Consumer credit use is expected to fall by -$20.000 billion in

April after falling by -$12.0 billion in March. 

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

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