Unemployment Rate Expected to Hold Steady — Data Week Ahead

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.

Forecasts were last updated Monday afternoon.

 
DATE      TIME  RELEASE                       PERIOD     CONSENSUS    PREVIOUS 
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 
 
*4Q Revised Reading 
**All private-sector workers 
***April Flash Reading 
 
(Figures in parentheses refer to number of economists surveyed.) 
 
Write to Tim Merle at dataweekahead@wsj.com 

(END) Dow Jones Newswires

May 01, 2024 10:14 ET (14:14 GMT)

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