4 Jun 2015
US May NFP forecast – Nomura
FXStreet (Barcelona) - With the US labour market data scheduled to be released tomorrow, the Team at Nomura forecasts a 190k NFP print and a steady unemployment rate in May.
Key Quotes
“In 2015, employment growth slowed to an average of 194k per month after gaining around 260k jobs per month in 2014. Incoming data suggest that job growth will remain near the recent trend and we expect the BLS to report that nonfarm payrolls added a net new 190k in May with 185k of the total job gains coming from the private sector.”
“With job gains slowing and the unemployment rate above 5.4% on an unrounded basis, we forecast that the unemployment rate was unchanged in May.”
Key Quotes
“In 2015, employment growth slowed to an average of 194k per month after gaining around 260k jobs per month in 2014. Incoming data suggest that job growth will remain near the recent trend and we expect the BLS to report that nonfarm payrolls added a net new 190k in May with 185k of the total job gains coming from the private sector.”
“With job gains slowing and the unemployment rate above 5.4% on an unrounded basis, we forecast that the unemployment rate was unchanged in May.”