Merrill April Employment Report Forecast: 250K, 3.7%

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...(read more)

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