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US Data: Highlights of MNI Survey of Economic Forecasts

     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 April (change in thousands)                        
 Friday, May 4 at 8:30 a.m. ET                           Actual:        
               Median         Range                  Apr18  Mar18  Feb18
 Payrolls       +185k      +145k to +255k               --  +103k  +326k
 Private Job    +193k      +170k to +250k               --  +102k  +320k
 Jobless Rate    4.0%        4.0% to 4.0%               --   4.1%   4.1%
 Hrly Earnings  +0.2%      +0.2% to +0.3%               --  +0.3%  +0.1%
 Avg Wkly Hrs    34.5        34.4 to 34.5               --   34.5   34.5
     Comments: Nonfarm payrolls are forecast to rise by 185,000 in April
after a much weaker-than-expected 103,000 rise in March and a strong    
326,000 rise in February. The unemployment rate is expected to fall to  
4.0% after holding steady at 4.1% in recent months. Hourly earnings are 
forecast to rise 0.2% after a 0.3% gain, while the average workweek is  
expected to hold steady at 34.5 hours for another month.                
--MNI Washington Bureau; +1 202-371-2121; email: holly.stokes@marketnews.com
[TOPICS: M$U$$$]

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