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)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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