9 March 2001, 15:42  MEDIAN FORECAST FOR US FEB PAYROLLS: +60,000; 4.3% RATE

WASHINGTON (MktNews) - Nonfarm payrolls are expected to rise 60,000 in February, a much smaller rise than January, as the manufacturing sector continued to contract. Manufacturing payrolls are expected to fall 25,000. The strong January gains in construction, services, and government payrolls are not expected to be repeated in February. In the case of construction jobs, which were boosted by special factors and the weather, and government jobs, a partial reversal is expected. The unemployment rate is expected to rise to 4.2%. The average workweek is expected to be unchanged at 34.3, while hourly earnings should return closer to trend in February with a 0.3% gain after a flat reading in January.

© 1999-2024 Forex EuroClub
All rights reserved