2 May 2015
US Nonfarm Payrolls Friday 8th May; This one is key - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the key jobs data to come from the US next week suggesting that markets will be monitoring the data that little bit more this time around.
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%."