Courtesy of our friends at here’s the thoughts of 6 banks on what to expect from today’s NFPs 6 May 2016
efxnews.com
driven once more by service-providing firms Of
this, government hiring likely contributed 5,000, which is a more
modest clip than the 20,000 pop in March. We find support to our outlook
from the push lower in jobless claims and improvement in the Conference
Board’s labor market differential measure. There may be a payback in
manufacturing jobs after two sizeable declines in February and March,
but the early manufacturing survey data have been mixed. Housing starts
have recently slowed, which could lead to a slower pace of construction
hiring. We also expect continued contraction in mining jobs.