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US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Apr 5/17:06 EST Apr 5
     WASHINGTON (MNI) - The following are highlights of forecasts for   
upcoming U.S. economic indicators provided by participants in the MNI   
weekly survey. The comment section presents the key elements behind the 
median forecasts.                                                               
Nonfarm Payrolls for March (change in thousands)                        
 Friday, April 6 at 8:30 a.m. ET                         Actual:        
               Median         Range                  Mar18  Feb18  Jan18
 Payrolls      +195k      +130k to +250k                --  +313k  +239k
 Private Job   +200k      +125k to +225k                --  +287k  +238k
 Jobless Rate  4.0%        4.0% to 4.1%                 --   4.1%   4.1%
 Hrly Earnings +0.3%      +0.2% to +0.3%                --  +0.1%  +0.3%
 Avg Wkly Hrs  34.5        34.4 to 34.5                 --   34.5   34.4
     Comments: Nonfarm payrolls are forecast to rise by 195,000 in March
after a much stronger-than-expected 313,000 jump in February. The       
unemployment rate is expected to dip to 4.0% after holding steady at    
4.1% in recent months. Hourly earnings are forecast to rise by 0.3%     
after a 0.1% gain, while the average workweek is expected to stay at    
34.5 hours.                                                             
Consumer Credit for February (dollar change, billions)                  
 Friday, April 6 at 3:00 p.m. ET                         Actual:        
              Median        Range                  Feb18   Jan18   Dec17
 Cons Cred    +$18.0   +$15.0 to +$18.4               -- +$13.9b +$19.2b
     Comments: Consumer credit is expected to rise by $18.0 billion in  
February after a $13.9 billion increase in January. Retail sales fell by
0.1%, but were up 0.2% excluding motor vehicles.                                
--MNI Washington Bureau; +1 202-371-2121; email: holly.stokes@marketnews.com

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