March US employment report is scheduled for release on Friday, April 3Initial jobless claims, which were approximately 10k higher in the March survey week than in Feb, and the diffusion index, which showed a modest narrowing in the breadth of job gains across sectors earlier this year support a slowing in the payroll growth in March.Decline in those employed part-time for economic reasons has moderated somewhat. This suggests that job growth should be returning to a more sustainable trend in the coming months.Barclays Capital said – “We look for nonfarm payrolls to rise 250k, private payrolls to increase 245k, and public sector payrolls to edge 5k higher. We expect the unemployment rate to hold steady at 5.5%, average weekly hours to remain unchanged at 34.6, and average hourly earnings to rise 0.1% m/m.”
The material has been provided by InstaForex Company – www.instaforex.com