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31 Jul 2015
Nonfarm Payrolls coming up: expectations -TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that we will see US employment data for July steady as she goes.
Key Quotes:
"We expect a 230k print, virtually in line with the 225k expectation and 223k last month. We also see unemployment holding steady at 5.3% and think average hourly earnings should also likely print in line with expectations at 0.2% m/m."
"All told, if we had to have a bias to our forecast, the stronger jobless claims figures on the month suggest to us the easier surprise is to a stronger print, and given we see other key data on the week such as the ISM to surprise to the upside, his should probably provide some further signs of labour market improvement for the Fed."
Key Quotes:
"We expect a 230k print, virtually in line with the 225k expectation and 223k last month. We also see unemployment holding steady at 5.3% and think average hourly earnings should also likely print in line with expectations at 0.2% m/m."
"All told, if we had to have a bias to our forecast, the stronger jobless claims figures on the month suggest to us the easier surprise is to a stronger print, and given we see other key data on the week such as the ISM to surprise to the upside, his should probably provide some further signs of labour market improvement for the Fed."