Thursday, April 25, 2019

Merrill April Employment Report Forecast: 250K, 3.7%

by Calculated Risk on 4/25/2019 04:20:00 PM

A few brief excerpts from a Merrill Lynch research note:

We look for nonfarm payroll employment growth of 250k in the April Bureau of Labor Statistics (BLS) employment report, to be released on May 3rd. …

we think the strong job growth should put further downward pressure on the unemployment rate and look for it to decline to 3.7% from 3.8%. …

we look for wage growth to return back to the recent trend and forecast that average hourly earnings growth of 0.3% mom