Analysts at TD Securities are expecting the US Nonfarm payrolls to increase by a solid 200k in November following the above-consensus 128k October print.
Key Quotes
“The headline print is benefiting from a temporary boost in job gains in the goods sector, which should rebound by around 50k “”a bounce-back from last month’s large decline due to the GM strike.”
“We look for the overall household survey to show the unemployment rate ticked down a tenth to 3.5% and expect wages to rise 0.3% m/m, leaving the annual rate unchanged at 3.0% y/y.”
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