By: Bloomberg Finance L.P. and Wells Fargo Economics
Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts.
The most significant highlights are:
- Construction Spending (MoM) reversing sign from -0.3% to 0.5%
- Unit Labor Costs (QoQ) increasing from 0.4% to 2.2%
- Nonfarm Payrolls decreasing by 17.% from 303K to 250K
