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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 June (change in thousands)                         
 Friday, July 5 at 8:30 a.m. ET                           Actual:       
               Median         Range                  Jun19  May19  Apr19
 Payrolls       +170k    +125k to +205k                 --   +75k  +224k
 Private Jobs   +158k    +125k to +180k                 --   +90k  +205k
 Jobless Rate    3.6%     3.5% to 3.7%                  --   3.6%   3.6%
 Hrly Earnings  +0.3%    +0.2% to +0.4%                 --  +0.2%  +0.2%
 Avg Wkly Hrs    34.4     34.4 to 34.5                  --   34.4   34.4
     Comments: Nonfarm payrolls are forecast to rise by 170,000 in June 
after a much weaker-than-expected 75,000 rise in May. The unemployment  
rate is expected to stay at the 50-year low of 3.6%. Hourly earnings are
forecast to rise 0.3%, while the average workweek is expected to stay at
34.4 hours in April.                                                    
--MNI Washington Bureau; +1 202 371 2121; email: brooke.migdon@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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