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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 February (change in thousands)                     
 Friday, March 8 at 8:30 a.m. ET                         Actual:        
               Median         Range                  Feb19  Jan19  Dec18
 Payrolls       +183k    +141k to +220k                 --  +304k  +222k
 Private Jobs   +170k    +134k to +222k                 --  +296k  +206k
 Jobless Rate    3.9%     3.7% to  4.0%                 --   4.0%   3.9%
 Hrly Earnings  +0.3%    +0.2% to +0.4%                 --  +0.1%  +0.4%
 Avg Wkly Hrs    34.5     34.5 to  34.5                 --   34.5   34.5
     Comments: Nonfarm payrolls are forecast to rise by 183,000 in 
February after a much stronger-than-expected 304,000 rise in January. 
The unemployment rate is expected to fall slightly to 3.9% after rising 
to 4.0% in the previous month. Hourly earnings are forecast to rise 
0.3%, while the average workweek is expected to stay at 34.5 hours for 
another month. 
Housing Starts for January (annual rate, million) 
 Friday, March 8 at 8:30 a.m. ET                         Actual:        
           Median            Range                   Jan19  Dec18  Nov18
 Starts    1.178m      1.100m to 1.300m                 -- 1.078m 1.214m 
     Comments: The pace of housing starts is expected to partially 
rebound to a 1.178 million pace in January after slowing dramatically in 
December. The Federal Government shutdown and the inability to process 
government loans are both negatives risks for the month. Unadjusted 
starts were down nearly 12% from a year earlier in December, a further 
sign that home building has stagnated.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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