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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 3 at 8:30 a.m. ET                           Actual:        
               Median         Range                  Apr19  Mar19  Feb19
 Payrolls       +190k    +165k to +250k                 --  +196k   +33k
 Private Jobs   +190k    +165k to +220k                 --  +182k   +28k
 Jobless Rate    3.8%     3.7% to  3.8%                 --   3.8%   3.8%
 Hrly Earnings  +0.3%    +0.2% to +0.3%                 --  +0.1%  +0.4%
 Avg Wkly Hrs    34.5     34.5 to  34.5                 --   34.5   34.4
     Comments: Nonfarm payrolls are forecast to rise by 190,000 in April
after a stronger-than-expected 196,000 increase in March. The           
unemployment rate is expected to hold steady at 3.8% for another month. 
Hourly earnings are forecast to rise 0.3%, while the average workweek is
expected to stay at 34.5 hours.                                         
ISM Non-manufacturing Index for April                                   
 Friday, May 3 at 10:00 a.m. ET                          Actual:        
               Median         Range                  Apr19  Mar19  Feb19
 ISM NMI        57.3      56.0 to 58.5                  --   56.1   59.7
     Comments: The nonmanufacturing ISM reading is expected to rebound  
to a reading of 57.3 in April after falling to 56.1 in March. The       
Philadelphia Fed nonmanufacturing index declined slightly to 21.0 while 
the flash Markit Services index fell to 52.9.                           
--MNI Washington Bureau; +1 202-371-2121; email: shikha.dave@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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