Unemployment Rate Expected to Hold Steady — Data Week Ahead Update

The following are median forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal.

The FOMC statement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET.

 
DATE      TIME  RELEASE                       PERIOD     CONSENSUS    PREVIOUS 
Tuesday   0830  Employment Cost Index         1Q         +1.0%   (22) +0.9% 
          0900  S&P/Case-Shiller 20-City      Feb        +6.7%   (8)  +6.6% 
                  HPI Y/Y 
          0945  Chicago PMI                   Apr         45.0   (10)  41.4 
          1000  Consumer Confidence           Apr         103.5  (23)  104.7 
Wednesday 0815  ADP Jobs                      Apr        +183K   (8)  +184K 
          0945  S&P Global U.S. Mfg PMI       Apr         49.9   (8)   49.9* 
          1000  ISM Mfg PMI                   Apr         50.1   (24)  50.3 
          1000  Job Openings                  Mar         8.7M   (13)  8.8M 
                  & Labor Turnover 
          1000  Construction Spending         Mar        +0.3%   (19) -0.3% 
Thursday  0830  Jobless Claims                Apr 27      212K   (18)  207K 
          0830  Productivity (Prelim)         1Q         +0.5%   (20) +3.2%** 
          0830  Unit Labor Costs (Prelim)     1Q         +4.0%   (19) +0.4%** 
          0830  U.S. Trade Deficit            Mar        $69.5B  (23) $68.9B 
          1000  Factory Orders                Mar        +1.7%   (16) +1.4% 
Friday    0830  Nonfarm Payrolls              Apr        +240K   (26) +303K 
          0830  Unemployment Rate             Apr         3.8%   (26)  3.8% 
          0830  Avg. Hourly Wages M/M***      Apr        +0.3%   (24) +0.35% 
          0830  Avg. Hourly Wages Y/Y***      Apr        +4.0%   (10) +4.14% 
          0945  S&P Global U.S. Svcs PMI      Apr         51.0   (7)   50.9* 
          1000  ISM Non-Mfg PMI               Apr         52.0   (25)  51.4 
 
*April Flash Reading 
**4Q Revised Reading 
***All private-sector workers 
 
(Figures in parentheses refer to number of economists surveyed.) 
 
Write to Tim Merle at dataweekahead@wsj.com 

(END) Dow Jones Newswires

April 29, 2024 14:24 ET (18:24 GMT)

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