1 May 2015
US Payrolls expected above 200K in April – Danske Bank
FXStreet (Edinburgh) - In the view of analysts at Danske Bank, next week’s Non-farm Payrolls could come in above the 200K threshold.
Key Quotes
“Data on the labour market received so far in April has been mixed”.
“The Conference Board’s measure of the labour market, jobs plentiful/jobs hard to get, deteriorated to its weakest level in since December last year”.
“However, other indicators such as initial jobless claims and the employment index in the April flash Markit composite PMI suggest better momentum in job growth this month”.
“Overall, we expect nonfarm payrolls to increase 215,000 in April with 10,000 new government jobs and 205,000 new jobs in the private sector”.
“While service sector employment looks set to deliver another decent gain in April, employment in the manufacturing sector is likely to post another decline. This is in line with other activity data which suggest that the manufacturing sector continues to struggle with a stronger US dollar and a slowdown in the oil and gas extraction sector”.
“In terms of unemployment we expect the unemployment rate to be unchanged at 5.5%”.
Key Quotes
“Data on the labour market received so far in April has been mixed”.
“The Conference Board’s measure of the labour market, jobs plentiful/jobs hard to get, deteriorated to its weakest level in since December last year”.
“However, other indicators such as initial jobless claims and the employment index in the April flash Markit composite PMI suggest better momentum in job growth this month”.
“Overall, we expect nonfarm payrolls to increase 215,000 in April with 10,000 new government jobs and 205,000 new jobs in the private sector”.
“While service sector employment looks set to deliver another decent gain in April, employment in the manufacturing sector is likely to post another decline. This is in line with other activity data which suggest that the manufacturing sector continues to struggle with a stronger US dollar and a slowdown in the oil and gas extraction sector”.
“In terms of unemployment we expect the unemployment rate to be unchanged at 5.5%”.