5 Jun 2015
May US NFP forecast at 200k, below consensus – Danske
FXStreet (Barcelona) - Chief Analyst at Danske Bank, Kasper Kirkegaard, previews the US employment report to be released ahead in the day, expecting May NFP to print a 200k figure.
Key Quotes
“We forecast +200k new jobs to have been added in May (as indicated by the ADP report), which is also the consensus expectation. Manufacturing is likely to remain the weak spot with the service sector the main driver of job growth.”
“Average hourly earnings is likely to get a lot of investor attention, as a rebound from last month and any indication of a more clear upward trend in wage inflation would help convince the dovish FOMC members that a 2015 rate hike is warranted.”
Live coverage of Nonfarm Payrolls:
Tonight, you can follow all of the nonfarm payrolls action with us
Tonight, you can follow all of the nonfarm payrolls action with us here. ">here.
Key Quotes
“We forecast +200k new jobs to have been added in May (as indicated by the ADP report), which is also the consensus expectation. Manufacturing is likely to remain the weak spot with the service sector the main driver of job growth.”
“Average hourly earnings is likely to get a lot of investor attention, as a rebound from last month and any indication of a more clear upward trend in wage inflation would help convince the dovish FOMC members that a 2015 rate hike is warranted.”
Live coverage of Nonfarm Payrolls:
Tonight, you can follow all of the nonfarm payrolls action with us
Tonight, you can follow all of the nonfarm payrolls action with us here. ">here.