A preview of the nonfarm payroll report due Friday morning US time
I posted the GS preview here:
This now via TD:
The jobs report is shaping up to be hawkish across the board.
- We look for payrolls to revert back to trend but remain strong at 215k in line with surveys.
- The unemployment rate should stabilize at 3.7% but risks skew to a further drop.
- Finally, wages have scope for a strong 0.3% print given the reference week and Amazon wage hikes, leaving y/y growth at a new high of 3.2%
(bolding mine)