Nonfarm payroll report due from the US at 1230GMT on Friday # May 2019.
Earlier previews:
- April 2019 non-farm payrolls preview: By the numbers
- Morgan Stanley expect a very strong NFP headline
- US NFP preview, and how it will impact on the US dollar
- Goldman Sachs NFP preview
- Friday its NFP day
This via Bank of Montreal, in summary:
- a slight uptick in participation in April could have supported another solid gain of around 200K jobs … economy approaching full employment
- unemployment rate at 3.8%, the lowest reading we foresee for the US labor market ahead
- wages … 0.3% advance … annual wage growth ... 3.3%
- While higher wages amidst falling interest rate expectations will provide leverage for solid consumer spending ahead, growth in wages does not appear to be translating into higher inflation, leaving the Fed firmly on the sidelines for 2019.
- We are above consensus on payrolls which should support the greenback and see yields rise