Upcoming NFP Expectation
05-May-2017 @ 05:31 PM
High impact NFP news is coming. So let's discuss about highlight key points of today's NFP.
Key Highlights:
Employment Change Expect +200k in April
Unemployment rate at 4.5%
Average hourly earnings to increase 0.3% m/m & 2.7% for the y/y
Reasons behind the upbeat forecasts:
Encouraging labor market fundamentals
Favorable swing in the weather
Partially offset by slowing job growth in the retail sector
Expect household employment will hold on to its sharp year-to-date gains
Expect firming wage growth with positive calendar effects
