BOA/ML’s
NFP preview via eFX
This follows a robust 2015 finish, as jobs increased by an average of 284,000 in the final three months. Exceptionally favorable weather, particularly in December, provided a boost to the data. Our models suggest that there will be some payback in the following month and an even larger payback two months later. The major snowstorm that hit the East Coast won’t play a role in the January figures since it was after the survey week; it could matter for February, however.
Nonfarm payrolls preview from BoA / Merrill Lynch (TL;DR is they’re at +170K)
