1 May 2015
April’s Payrolls expected at 195K – TDS
FXStreet (Edinburgh) - In the opinion of Jacqui Douglas, Chief European Macro Strategist at TD Securities, US Non farm Payrolls could return near 200K for the month of April.
Key Quotes
“After the shockingly low 126K reading for March payrolls, its worst outcome since December 2013, which was then followed up by a disappointing 0.2% SAAR growth rate for Q1 GDP, markets will be watching April payrolls that much more closely to see what labour market momentum is looking like into Q2”.
“While consensus is looking for job growth to bounce back to around its previous trend at 230K, we see downside risks and are looking for another 1-handle at only 195K, with the unemployment rate remaining unchanged at 5.5%”.
Key Quotes
“After the shockingly low 126K reading for March payrolls, its worst outcome since December 2013, which was then followed up by a disappointing 0.2% SAAR growth rate for Q1 GDP, markets will be watching April payrolls that much more closely to see what labour market momentum is looking like into Q2”.
“While consensus is looking for job growth to bounce back to around its previous trend at 230K, we see downside risks and are looking for another 1-handle at only 195K, with the unemployment rate remaining unchanged at 5.5%”.