Wednesday, April 03, 2019

Merrill: March Employment Report Forecast

by Calculated Risk on 4/03/2019 01:44:00 PM

A few brief excerpts from a Merrill Lynch note:

We expect nonfarm payrolls growth to rebound nicely to 190k in March after a 20k increase in February.

The unemployment rate should remain level at 3.8% … Wage growth should remain strong at 0.3% mom keeping the yoy growth rate at a cyclical high of 3.4%.