A preview of the nonfarm payroll report due Friday morning US time

I posted the GS preview here:

This now via TD:

The jobs report is shaping up to be hawkish across the board.

  • We look for payrolls to revert back to trend but remain strong at 215k in line with surveys.
  • The unemployment rate should stabilize at 3.7% but risks skew to a further drop.
  • Finally, wages have scope for a strong 0.3% print given the reference week and Amazon wage hikes, leaving y/y growth at a new high of 3.2%

(bolding mine)