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Repeats Story Initially Transmitted at 20:06 GMT Mar 7/15:06 EST Mar 7
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
Weekly Jobless Claims for March 3 week
Thursday, March 8 at 8:30 a.m. ET Actual:
Median Range Mar03 Feb24 Feb17
Weekly Claims 220k 215k to 225k -- 210k 220k
Comments: The level of initial jobless claims is expected to rise
by 10,000 to 220,000 in the March 3 week, fully reversing the 10,000
decline in the previous week to a 49-year low. The four-week moving
average would fall by 750 in the coming week, as the 223,000 level in
the February 3 week drops out of the calculation, assuming the MNI
forecast is correct and there are no revisions.
Nonfarm Payrolls for February (change in thousands)
Friday, March 9 at 8:30 a.m. ET Actual:
Median Range Feb18 Jan18 Dec17
Payrolls +210k +175k to +250k -- +200k +160k
Private Job +200k +185k to +220k -- +196k +156k
Jobless Rate 4.0% 4.0% to 4.1% -- 4.1% 4.1%
Hrly Earnings +0.2% +0.1% to +0.3% -- +0.3% +0.4%
Avg Wkly Hrs 34.4 34.4 to 34.5 -- 34.3 34.5
Comments: Nonfarm payrolls are forecast to rise by 210,000 in
February after a stronger-than-expected 200,000 reading in January. The
unemployment rate is expected to dip to 4.0%. Hourly earnings are
forecast to rise only 0.2% after a 0.3% gain in January that reflected
difficulties with low wage hourly workers getting to work due to
weather, while the average workweek is expected to rebound to 34.4 hours
after dipping to 34.3 in January for the same reason.
--MNI Washington Bureau; +1 202-371-2121; email: firstname.lastname@example.org