April job gains could be way better than expected if the BofAML forecast is right [CNBC]
Bank of America Corporation (BAC)
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Source: CNBC
April job gains could be way better than expected if the BofAML forecast is right Scott Mlyn | CNBC The April jobs report could come with a big surprise for the economy if an estimate from Bank of America Merrill Lynch pans out. With the much-awaited nonfarm payrolls report still eight days away, BofAML economists already are forecasting a big upside surprise. They see job expansion of 250,000, ahead of the current Dow Jones estimate of 196,000 for what would be the best since January's 312,000. A gain of that much would be the best April since 2015. The number actually could turn out even bigger: A tracker that the bank uses is seeing private payrolls rising 335,000. Since the economists have been using the proprietary measure, dating to May 2008, there have been just three occasions when the private payroll growth indicated above 300,000. Those instances saw jobs gain an average 274,000, according to the estimates from the Bureau of Labor Statistics. show chapters President Trump co
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