Another NFP view in the leadup
Just an easy share that I've come across which might be of value to some of your guys.
"We expect a strong payroll gain of 195k in July (Consensus: 192k), consistent with an economy growing well-above potential, and a healthy 0.22% increase in average hourly earnings (AHE), leaving the 12-month rate unchanged at 2.7% (Consensus: 0.3% m-o-m, 2.7% y-o-y)."
"Strong employment growth and a tick down in the labor force participation rate (LFPR) should lower the unemployment rate 0.1pp to 3.9% (Consensus: 3.9%) with some risk of it falling below that level. Altogether, we expect the July employment report to highlight the firm footing of the US economy moving into Q3 2018."
NFP Previews from ForexLive:
