2 Jul 2015
Payrolls could beat expectations today – Danske Bank
FXStreet (Edinburgh) - According to Senior Analyst at Danske Bank Christin Tuxen, today’s employment report in the US economy could come in above the 230K expected.
Key Quotes
“We estimate that non-farm payrolls increased 230,000 in June driven by gains in service sector employment and construction”.
“However, the jump in the employment component in yesterday’s ISM manufacturing survey coupled with the improvement in the Conference Board’s measure on the labour market suggest some upside risks to our forecast”.
“This pace of job growth is in our view sufficient to justify a first Fed funds rate hike in September conditioned developments in Greece”.
Key Quotes
“We estimate that non-farm payrolls increased 230,000 in June driven by gains in service sector employment and construction”.
“However, the jump in the employment component in yesterday’s ISM manufacturing survey coupled with the improvement in the Conference Board’s measure on the labour market suggest some upside risks to our forecast”.
“This pace of job growth is in our view sufficient to justify a first Fed funds rate hike in September conditioned developments in Greece”.