Its nonfarm payroll data day in the US on Friday morning #d07 December 2018
Previews posted here:
- Goldman Sachs forecasts for the key nonfarm payrolls numbers
- TD is looking for the NFP to show job growth in the US remaining strong
This quick snippet now via Barclays:
Data in the US remain constructive despite recent moderation
We expect the employment report on Friday to show strong job gains, declining unemployment and stable wages
- we expect total nonfarm payrolls to increase 200k (cons.: 205k; last: 250k)
- We look for the unemployment rate to decline one tenth to 3.6% (cons/ last: 3.7%)
- average weekly hours to remain steady at 34.5 (cons.: 34.5)
- We and the consensus forecast average hourly earnings will rise by 0.3% m/m (last: 0.2%)
Another via Daiwa:
- increase in non-farm payrolls of around 185k, a decent showing but below the average of the past twelve months
- unemployment rate unchanged at 3.7%
- annual growth in average hourly earnings is also expected to be unchanged at 3.1%, which was the strongest since mid-2009
