US nonfarm payroll due at 1230GMt Friday 07 June 2019 - preview

NFP is coming up today, earlier previews:

• US employment statistics to be released tomorrow. What should you expect?

• Friday 7 June 2019 is NFP day - Goldman Sachs nonfarm payroll preview

This via TD:

forecast 140k for May

• we would view a number in this mid-100k range as an overdue correction to an unsustainable run rate for payroll growth, rather than the leading edge of a sharp slowdown in economic activity - although we recognize markets will take little comfort in the event
• we now expect job creation in the goods sector to decline as the ADP report suggested employment in the manufacturing and construction sectors retreated in May
• Likewise, we anticipate mean-reversion in services sector employment following the 200k+ print in April

TD sees: upside risks to our revised call

More:

• unemployment rate steady at 3.6%
• wages expected to rise 0.2% m/m.
• 3.1% y/y