Economic Events on May 4, 2012

The Monster Employment Index for April was released today, and the index moved up 3 points from last month to a value of 146, and is 1% higher than last April’s value.

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 165,000 jobs compared to 120,000 in the previous month, the consensus for the unemployment rate is that it will remain at 8.2%, the consensus average hourly earnings rate is expected to increase 0.2%, and the consensus for the average workweek is 34.5 hours.

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