Next Friday is Non-farm payroll day. Market consensus shows an increase in March payrolls of 655K. Analysts at Wells Fargo expect a reading of 675K and the jobless rate to drop to 6.0%. Key Quotes: “While many parts of the economy have rebounded swiftly, the labor market has been slower to get back on its feet. During his testimony before the Senate this week, Fed Chairman Jay Powell responded to a question about the fact that the Fed’s own forecast showed only an incremental decline in the unemployment rate. He explained how a wave of hiring later this year would likely result in a rise in the participation rate as discouraged workers were drawn back into the labor force.” “After the sector was devastated by the pandemic, leisure & hospitality will likely be the biggest driver of job growth this year, and we suspect we may see the first glimpse of that when the March jobs number hits the wire on Friday morning. In fact, we are penciling in a 675K jump in payrolls for the month, and expect to see the jobless rate dip to 6.0%. It may be early yet for the job growth to lure more people back into the labor force, even though we agree with the Fed that strong job growth might be accompanied by a comparatively steady decline in the unemployment rate.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/SEK: Set to rise on UK recovery optimism and EM woes – MUFG FX Street 1 year Next Friday is Non-farm payroll day. Market consensus shows an increase in March payrolls of 655K. Analysts at Wells Fargo expect a reading of 675K and the jobless rate to drop to 6.0%. Key Quotes: "While many parts of the economy have rebounded swiftly, the labor market has been slower to get back on its feet. During his testimony before the Senate this week, Fed Chairman Jay Powell responded to a question about the fact that the Fed's own forecast showed only an incremental decline in the unemployment rate. He explained how a wave of hiring later this… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.