At 8:30 AM EDT the Employment Situation report for April will be announced, and the consensus for non-farm payrolls is an increase of 200,000 jobs compared to a gain of 162,000 in March, the consensus for the unemployment rate is that it will decrease by 0.1% to 9.6%, the consensus average hourly earnings rate is an increase of 0.2%, and the consensus for the average workweek is 34.0 hours. These figures have been improving gradually over the last few months, along with all other employment reports.
At 3:00 PM EDT, the Consumer Credit report for March will be released. The consensus estimate is that there will be a decrease of $3 billion in the consumer credit available from February to March, after an unexpected drop of $11.5 billion in February.
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