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Unemployment Rate Seen Ticking Down to 5.8% — Data Week Ahead

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

Forecasts were last updated Monday afternoon.

 
DATE      TIME  RELEASE                    PERIOD     CONSENSUS    PREVIOUS 
          (ET) 
Wednesday 0815  ADP Jobs                    Apr      +800K   (15)  +517K 
          0945  Markit Services PMI         Apr       63.3   (7)    63.1* 
          1000  ISM Non-Mfg PMI             Apr       64.1   (34)   63.7 
Thursday  0830  Jobless Claims              May 1     527K   (25)   553K 
          0830  Productivity (Prelim)       1Q       +4.5%   (29)  -4.2%** 
          0830  Unit Labor Costs (Prelim)   1Q       -1.0%   (27)  +6.0%** 
Friday    0830  Nonfarm Payrolls            Apr      +1000K  (34)  +916K 
          0830  Unemployment Rate           Apr       5.8%   (34)   6.0% 
          0830  Avg. Hourly Wages M/M***    Apr      -0.1%   (29)  -0.13% 
          0830  Avg. Hourly Wages Y/Y***    Apr      -0.4%   (13)   +4.24% 
          1000  Wholesale Inventories       Mar      +1.4%   (13)   +0.6% 
          1500  Consumer Credit             Mar     +$20.0B  (15)  +$27.6B 
 
*Apr Flash Reading 
**4Q Revised Reading 
***All private-sector workers 
 
(Figures in parentheses refer to number of economists surveyed.) 
 

Write to Donna Huneke at dataweekahead@wsj.com

 

(END) Dow Jones Newswires

May 04, 2021 10:14 ET (14:14 GMT)

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