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3 Apr 2015
NFP forecast: modest 240k gain expected – Capital Economics
FXStreet (Barcelona) - Melanie Debono of Capital Economics, previews the US jobs data release, expecting US payrolls to print a 240k figure and average hourly earnings to surprise with a 0.3% mom increase.
Key Quotes
“Our econometric model suggests that non-farm payroll employment increased by a slightly more modest 240,000 in March (13.30 BST, Friday 3rd).”
“After falling sharply in February, we suspect that the unemployment rate was unchanged at 5.5% and anticipate a more robust 0.3% m/m increase in average hourly earnings, which would favour a June rate hike from the Fed.”
Key Quotes
“Our econometric model suggests that non-farm payroll employment increased by a slightly more modest 240,000 in March (13.30 BST, Friday 3rd).”
“After falling sharply in February, we suspect that the unemployment rate was unchanged at 5.5% and anticipate a more robust 0.3% m/m increase in average hourly earnings, which would favour a June rate hike from the Fed.”