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2 Mar 2015
Payrolls expected around 215K in February – TDS
FXStreet (Edinburgh) - In the view of strategists at TD Securities, the US economy could have added around 215K jobs during the past month, missing consensus for 240K.
Key Quotes
“The Feb data has more question marks around it than usual, coming on the back of an extremely strong Jan print, and given the potential impact of port strikes on the west coast and poor winter weather”.
“We expect some moderation in labour market momentum in Feb with the economy adding just 215K jobs (mkt 240K), and the unemployment rate remaining unchanged at 5.7% (mkt 5.6%)”.
“Wage growth will also remain in focus as we look for average hourly earnings to rise 0.3% M/M (mkt 0.2%) following last month’s strong 0.5% rebound, which should dampen any market impact from disappointing headline payrolls and unemployment rate figures”.
Key Quotes
“The Feb data has more question marks around it than usual, coming on the back of an extremely strong Jan print, and given the potential impact of port strikes on the west coast and poor winter weather”.
“We expect some moderation in labour market momentum in Feb with the economy adding just 215K jobs (mkt 240K), and the unemployment rate remaining unchanged at 5.7% (mkt 5.6%)”.
“Wage growth will also remain in focus as we look for average hourly earnings to rise 0.3% M/M (mkt 0.2%) following last month’s strong 0.5% rebound, which should dampen any market impact from disappointing headline payrolls and unemployment rate figures”.