by Bill McBride on 5/05/2016 07:07:00 PM
Thursday, May 05, 2016
"We expect a 240k gain in nonfarm payroll employment in April [and] the unemployment rate to fall to 4.9% [and] Average hourly earnings for all workers are likely to rise 0.3% in AprilFriday:
• At 8:30 AM ET, the Employment Report for April. The consensus is for an increase of 200,000 non-farm payroll jobs added in April, down from the 215,000 non-farm payroll jobs added in March. The consensus is for the unemployment rate to decline to 4.9%.
• At 3:00 PM, Consumer credit from the Federal Reserve. The consensus is for a $15.8 billion increase in credit.
Posted by Bill McBride on 5/05/2016 07:07:00 PM