Nonfarm payrolls tracking, estimate 182k - Nomura

Analysts at Nomura offered their October Private Payrolls Tracking.

Key Quotes:

"182k The Conference Board’s labor market differential index declined to 2.2 in October from 5.3 (previously reported as 6.3) as fewer respondents reported that jobs are "plentiful."

This is still a decent reading and came in broadly in line with our assumption in our tracking model.

Thus, we left our private payrolls tracking estimate at 182k."