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US Data: Highlights of Market Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Jun 4/17:06 EST Jun 4
     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
[TOPICS: MTABLE]

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