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8 May 2015
Credit Suisse: US NFP results expected to show a below consensus number – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares Credit Suisse’s forecasts regarding today’s US jobs data.
Key Quotes
“We expect a partial rebound in payrolls following the disappointing +126K March print, although our +180K forecast would still fall short of the three-month moving average of +197K, and would be well below the six-month average of +254K (consensus: 230K).”
“While payroll growth has cooled somewhat, job gains are still well ahead of what it takes to lower the unemployment rate over time; f(in line with consensus).”
“We project a 0.2% rise in average hourly earnings (in line with consensus), which would leave the year-on-year rate at 2.3%, at the top of the last few years' range.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“We expect a partial rebound in payrolls following the disappointing +126K March print, although our +180K forecast would still fall short of the three-month moving average of +197K, and would be well below the six-month average of +254K (consensus: 230K).”
“While payroll growth has cooled somewhat, job gains are still well ahead of what it takes to lower the unemployment rate over time; f(in line with consensus).”
“We project a 0.2% rise in average hourly earnings (in line with consensus), which would leave the year-on-year rate at 2.3%, at the top of the last few years' range.”
This content has been provided under specific arrangement with eFXnews.