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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 March (change in thousands)                     
 Friday, April 5 at 8:30 a.m. ET                         Actual:        
               Median         Range                  Mar19  Feb19  Jan19
 Payrolls      +170k     +145k to +243k                 --   +20k  +311k
 Private Jobs  +165k     +140k to +246k                 --   +25k  +308k
 Jobless Rate   3.8%      3.7% to  3.9%                 --   3.8%   4.0%
 Hrly Earnings +0.3%     +0.2% to +0.3%                 --  +0.4%  +0.1%
 Avg Wkly Hrs   34.5      34.4 to 34.5                  --   34.4   34.5
     Comments: Nonfarm payrolls are forecast to rise by 170,000 in March 
after a much weaker-than-expected 20,000 rise in February. The 
unemployment rate is expected to stay at 3.8%. Hourly earnings are 
forecast to rise by 0.3%, while the average workweek is expected to 
rebound slightly to 34.5 hours after falling to 34.4 hours in February. 
Consumer Credit for February (dollar change, billions)                   
 Friday, April 5 at 3:00 p.m. ET                         Actual:        
              Median        Range                  Feb19   Jan19   Dec18
 Cons Cred     17.0     13.0 to 18.0                  -- +$17.0b +$15.4b
     Comments: Consumer credit is expected to grow by $17.0 billion at 
an annual rate in February, continuing a string of solid gains.
--MNI Washington Bureau; +1 (973) 494-2611; email:

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