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27 Mar 2015
Nonfarm Payrolls snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the forthcoming Nonfarm Payrolls next week.
Key Quotes:
"Early consensus is looking for a deceleration in job growth from the 295K rate in Feb to around 250K in March, but we think that the risks to the headline lie to the downside, and look for a steeper slowdown to 220K."
"Markets will pay just as much attention to the unemployment rate and wage growth, and there we look for the u-rate to retrace a bit higher to 5.6% after the unexpectedly large push down to 5.5% in Feb, and for wage growth to come in at a middling 0.2% M/M pace after 3 months of volatility."
"So overall the payrolls report should support the more dovish US sentiment that we saw out of the last FOMC meeting."
Key Quotes:
"Early consensus is looking for a deceleration in job growth from the 295K rate in Feb to around 250K in March, but we think that the risks to the headline lie to the downside, and look for a steeper slowdown to 220K."
"Markets will pay just as much attention to the unemployment rate and wage growth, and there we look for the u-rate to retrace a bit higher to 5.6% after the unexpectedly large push down to 5.5% in Feb, and for wage growth to come in at a middling 0.2% M/M pace after 3 months of volatility."
"So overall the payrolls report should support the more dovish US sentiment that we saw out of the last FOMC meeting."