4 Apr 2014
What’s the focus? Nonfarm Payrolls, that’s what! -TDS
FXStreet (Guatemala) - Tim Davis, Vice President, Global Strategist at TD Securities noted that the focus on Friday will fall exclusively on the March Nonfarm payroll report.
Key Quotes:
“While the official market consensus has drifted up to 200K (from 190K) for headline payrolls, the median of forecasts submitted during the current week suggest that markets are looking for a stronger 208K headline print. We expect headline payrolls to come in above market consensus at 213K, with private payrolls rising 208K”.
“We also expect the unemployment rate to fall to 6.6% from 6.7%, with hourly earnings rising 0.2% as average weekly hours rebound to 34.4 from 34.2.”
Key Quotes:
“While the official market consensus has drifted up to 200K (from 190K) for headline payrolls, the median of forecasts submitted during the current week suggest that markets are looking for a stronger 208K headline print. We expect headline payrolls to come in above market consensus at 213K, with private payrolls rising 208K”.
“We also expect the unemployment rate to fall to 6.6% from 6.7%, with hourly earnings rising 0.2% as average weekly hours rebound to 34.4 from 34.2.”