Back
26 Jun 2015
US Payrolls to print +230K in June – TDS
FXStreet (Edinburgh) - Strategist Rich Kelly at TD Securities sees the US economy to have created 233K jobs during June.
Key Quotes
“We look for fairly uneventful US data next week as we look for a 233k gain in payrolls in June, in line with consensus”.
“We would also expect wages growth to moderate in line with expectations, though think the unemployment rate itself could disappoint and remain at 5.5% rather than fall to 5.4% as expected, but that would reflect the strength of a rise in the participation rate”.
“We would look for some slight upside to the ISM Manufacturing index the day before which could raise expectations slightly”.
Key Quotes
“We look for fairly uneventful US data next week as we look for a 233k gain in payrolls in June, in line with consensus”.
“We would also expect wages growth to moderate in line with expectations, though think the unemployment rate itself could disappoint and remain at 5.5% rather than fall to 5.4% as expected, but that would reflect the strength of a rise in the participation rate”.
“We would look for some slight upside to the ISM Manufacturing index the day before which could raise expectations slightly”.