What top expect from NFP from 15 big banks
Here they are;
Worth noting that in recent years, the preliminary August payrolls figure has tended to be relatively soft in the initial release and has subsequently been revised upwards in following employment reports, with back revisions averaging +79k over the past five years. Likewise, the consensus has a modest tendency to overestimate job growth in August, more so than in other months. For example, consensus forecasts have overpredicted August job growth since 2010 by an average of 30k. We expect the unemployment rate to decline to 5.2%, in line with consensus. Average hourly earnings for all employees are likely to increase 0.3% monthovermonth in August
The non farm pre-match entertainment wouldn’t be complete without the views of 15 banks
