6 Mar 2015
All eyes on today’s Non farm Payrolls – DB
FXStreet (Edinburgh) - Analysts at Deutsche Bank remarked the significance of the US labour market releases today.
Key Quotes
“Staying in the US, today’s focus will of course be on the payroll report for February”.
“The market is looking for a +235k print which is down from +257k in January. Our US colleagues have a slightly more bullish +250k forecast. They argue that although inclement weather over the past month, which has coincided with unseasonably cold temperatures, may have been a factor weighing on economic activity the last few weeks, February nonfarm payrolls may have dodged most of the worst of the recent weather disruptions given that jobless claims plunged during the February employment survey week”.
“Jobless claims for the period at 282k were 27k lower than the January payrolls survey period. They note that the four-week moving average for the February survey week was lower as well (283k vs. 307k in January) and in fact the third lowest for a payroll survey week since going back to April 2000”.
Key Quotes
“Staying in the US, today’s focus will of course be on the payroll report for February”.
“The market is looking for a +235k print which is down from +257k in January. Our US colleagues have a slightly more bullish +250k forecast. They argue that although inclement weather over the past month, which has coincided with unseasonably cold temperatures, may have been a factor weighing on economic activity the last few weeks, February nonfarm payrolls may have dodged most of the worst of the recent weather disruptions given that jobless claims plunged during the February employment survey week”.
“Jobless claims for the period at 282k were 27k lower than the January payrolls survey period. They note that the four-week moving average for the February survey week was lower as well (283k vs. 307k in January) and in fact the third lowest for a payroll survey week since going back to April 2000”.