Bank of America Merrill Lynch on nonfarm payrolls and the US dollar
From BAML:
, which would be a subdued pace relative to the prior 3-month trend of 200,000. That said, job growth will be depressed by the ongoing Verizon labor strike-media outlets suggest that 39,000 workers were not working during the survey week. Accounting for this distortion, the labor market would still be improving at a healthy clip. We believe private payrolls contributed 150,000, while government added 10,000.
