TD's forecasts for the US NFP due on Friday:

  • headline payroll number at +260K
  • unemployment rate 3.5%
  • monthly wage growth 0.3%, and 4.2% y/y

TD are more optimistic than the consensus:

us nfp friday august 4 preview

The data is due at 1230 GMT, 0830 US Eastern time, on Friday August 4