4 Feb 2016
US Nonfarm Payrolls: The next big thing - TDS
Research Team at TDS, suggests that despite the simultaneous release of US and Canada nonfarm payrolls tommorow, expect the market focus to be entirely on the US data.
Key Quotes
“TD expects the pace of employment growth to slow to 177K, down from the brisk 292K pace in December, which would mark the slowest pace of job growth since September 2015.
TD expects the unemployment rate to remain unchanged at 5.0. In the coming months, we expect the positive momentum in the labor market to be sustained, though the pace of growth should remain in the 175K to 200K range.”
Key Quotes
“TD expects the pace of employment growth to slow to 177K, down from the brisk 292K pace in December, which would mark the slowest pace of job growth since September 2015.
TD expects the unemployment rate to remain unchanged at 5.0. In the coming months, we expect the positive momentum in the labor market to be sustained, though the pace of growth should remain in the 175K to 200K range.”