Published Apr 05, 2019 12:01AM ET
Updated Apr 05, 2019 02:50AM ET
What Economists Are Saying Ahead of the March U.S. Jobs Report
(Bloomberg) -- Economists are looking for a stabilization in U.S. payrolls after getting whipsawed by hot-and-cold swings in the past two jobs reports and other recent indicators giving mixed signals on employment.
Nonfarm jobs increased by 177,000 in March, according to Bloomberg’s survey, a level that would be just under the three-month trend but down from last year’s 223,000 average. The unemployment rate is projected to hold at 3.8 percent, near an almost half-century low, with annual wage gains remaining at a 3.4 percent pace, the strongest of the economic expansion.
Analysts will also be focused on the revision for February’s big payrolls slump to 20,000, the weakest reading in almost a year and a half, after January’s 311,000 gain, which was upwardly revised.
Estimates in Bloomberg’s survey for the March figure range from 110,000 to 277,000. Here’s what some economists expect, with projections listed from low to high:
ING Groep (AS:INGA)
TD Securities
Citigroup (NYSE:C)
Nomura
Bloomberg Economics
NatWest Markets
Goldman Sachs
Jefferies
Written By: Bloomberg
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