5 Dec 2014
Expect a NFP print of 250k – DB
FXStreet (Barcelona) - The Deutsche Bank Economists see the NFP headline print to rise to the upside at 250k as the recent employment data points towards a better NFP reading.
Key Quotes
“For the record, our US economists have a relatively bullish view on this and expect a headline print of 250k (vs 230k market consensus)) which would also mark a significant improvement from last month’s 214k. They noted that the recent strong employment components of the Richmond Fed services survey and non-manufacturing ISM should filter through to a better NFP reading.”
“Unemployment and average hourly earnings will likely be the other highlights of today’s calendar and our colleagues are expecting an unchanged +5.8% unemployment print and a slight tick up in the average hourly earnings to +0.2% (from +0.1% previously) – both in line with the wider market.”
Key Quotes
“For the record, our US economists have a relatively bullish view on this and expect a headline print of 250k (vs 230k market consensus)) which would also mark a significant improvement from last month’s 214k. They noted that the recent strong employment components of the Richmond Fed services survey and non-manufacturing ISM should filter through to a better NFP reading.”
“Unemployment and average hourly earnings will likely be the other highlights of today’s calendar and our colleagues are expecting an unchanged +5.8% unemployment print and a slight tick up in the average hourly earnings to +0.2% (from +0.1% previously) – both in line with the wider market.”