Credit Suisse: US hourly earnings set to rise – eFXnews

FXStreet (Barcelona) - The Team at Credit Suisse forecasts US average earnings to rise to 0.3% and nonfarm payrolls to print a 220K print, as noted by eFXnews.

Key Quotes

“Non-farm payrolls are expected to remain around the levels seen last month. We project +220K jobs added (consensus: +225K), 3K less than April’s print.”

“With respect to unemployment, we forecast a 5.4% rate (consensus: 5.4%), unchanged from the prior month.”

“Hourly earnings are expected to rise from the below-trend reading last month to +0.3% (consensus: +0.2%).”