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Title: US April payrolls likely rebounding to 245,000 Post by: yellowpage09 on May 07, 2015, 02:01:07 AM The March deceleration in US non-farm payrolls (NFP) to 126,000 was a blip and look for a rebound to 245,000 in April (Friday, 08:30 ET), higher than the consensus view of 230,000. This would be consistent with indicators suggesting labour-market activity has remained healthy, despite recent uneven activity growth. Q1 GDP grew only 0.2% q/q SAAR according to the first release. But the April ISM employment sub-index edged up 0.1ppt to 56.7, a third straight gain; and jobless claims have remained anchored below 300,000, a level historically consistent with full employment. ADP employment data was a disappointment at only 169,000 after a revised 175,000, but ADP imperfectly correlates with payrolls. (Source: http://fxwire.pro/US-April-payrolls-likely-rebounding-to-245000-33223) |