IFR Preview-major US data for release April 7

WHAT: Labor Dept. initial Jobless Claims, weekly
WHEN: Thursday 0830 EDT (1230 GMT)
FORECASTS                      Reuters   IFR     Previous
Initial Claims (thousands)     385       392     388
Continued Claims (mln)         3.700     3.685   3.714
IFR COMMENTARY: "Adjusting to new seasonal factors -- expecting
negligible change for the week ending April 2 -- jobless claims
for unemployment insurance will stutter up to 392,000.
Unadjusted claims had a relatively flat reading this past week,
(and as a result claims inched down 6k to 388k) leaving room
for an insignificant seasonally adjusted increase when paired
with a flat seasonal expectation.
 Continued filings appear to be improving 100k every month.
With two more weeks of March data to come in, having just
fallen to 3.714 mln, continued filings are poised to round to
the high 6s, 3.685 mln for the week ending March 26.
 The number of 99ers (claimants who have exhausted their
full 99 weeks of extended and emergency benefits) is probably
increasing at an accelerated rate, which could partly explain
the recent significant drops in unemployment. Those no longer
able to file for claims may no longer claim to be seeking work,
and could thus drop out of the labor force."
___________________
WHAT: Federal Reserve Consumer Installment Credit, February
WHEN: Thursday 1500 EDT (1900 GMT)
FORECASTS           Reuters     IFR     Previous
Billions            +$4.70      +$6.0   +$5.00
IFR COMMENTARY: "The sturdy gains in February retail and auto
sales, which saw monthly growth rates of 1% and 2.3%
respectively, will only add to consumer credit's performance
for the same month, which should rise by $6 bln. Whereas the
freshly-established four month trend of expanding credit has
been dominated by nonrevolving (which was responsible for 50%
of the headline in October and entirely responsible for every
other month's growth), consumption patterns in February
(slightly stronger than Jan's with activity stretched across
more sectors) should help to pull revolving into positive
territory. Sticking to the average, nonrevolving will rise $5
bln and revolving will surface growing by $1 bln."
 For more Reuters consensus forecasts for U.S. indicators,
double-click on [ECI/US]
 -- by Vimombi Nshom of IFR Markets, a unit of Thomson
Reuters.


IFR Preview-major US data for release April 7