US: NFP likely to add 190k jobs in August - TDS

Analysts at TD Securities suggest that the August jobs report of US will provide the data highlight for the week although TD is largely in line with consensus and looks for the economy to add 190k jobs.

Key Quotes

“It should allow the unemployment rate to edge lower to 3.8% (market: 192k, 3.8%). Average hourly earnings should prove more disappointing with +0.2%/m, which would leave wage growth unchanged 2.7% y/y.”