NFP is the focus for the day, ICYMI! NFP previews:
- US nonfarm payroll data due on Friday 4 October 2019 - preview
- US nonfarm payroll (NFP) due Friday - preview
- Goldman Sachs NFP preview
- US nonfarm payroll day Friday 4 October 2019 - preview
Via TD:
- forecast + 150k
- unemployment rate 3.7%
- wages +0.2% m/m & +3.2% y/y
- Jobs in the goods sector should remain soft
- we look for a modest rebound in services
BNZ:
- consensus for nonfarm payrolls is for a 145k increase
- the employment components of both ISM surveys point to significant downside risks to that estimate
- It remains to be seen whether recent weakness in economic data leads Trump to soften his stance in trade negotiations with China which are due to resume next week