6 Jun 2014
Payrolls is the most relevant event today – Danske Bank
FXStreet (Edinburgh) - Analyst Anders Fischer at Danske Bank notes the significance of today’s US Payrolls.
Key Quotes
“The US job report will be the main focus today”.
“We expect an increase in non-farm payrolls of 250,000 but see risk of a pay-back from the extra strong April figure”.
“The ADP employment disappointed in April and suggests some downside risk to payrolls although the intra-month relationship is not great”.
“The movement in the participation rate makes it difficult to make accurate estimates about the unemployment rate but we expect it to rise back up to 6.5% following the 0.4pp decline in April”.
Key Quotes
“The US job report will be the main focus today”.
“We expect an increase in non-farm payrolls of 250,000 but see risk of a pay-back from the extra strong April figure”.
“The ADP employment disappointed in April and suggests some downside risk to payrolls although the intra-month relationship is not great”.
“The movement in the participation rate makes it difficult to make accurate estimates about the unemployment rate but we expect it to rise back up to 6.5% following the 0.4pp decline in April”.