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US Payrolls to come on the soft side – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Strategists at TD Securities see the upcoming Non farm Payrolls coming in below consensus around 170K on Friday.

    Key Quotes

    “US labor market momentum remains stuck in low gear, with the economy expected to add a relatively modest 168K jobs in February”.

    “This will only be marginally higher than the equally disappointing 151K jobs created the month before, and it remains well below the relatively brisk 230K average monthly pace of jobs growth last year”.

    “The unemployment rate should rise modestly, climbing to 5.0% from 4.9%. The overall tone of this report should be weak, reflecting the slowing in underlying US economic momentum”.
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