Barclays: Expect a solid NFP outcome

6 February 2015, 13:51
Andrius Kulvinskas
0
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 The eFXnews Team shares Barclays’ view for the US NFP and wages data release today.

Key Quotes

“We expect another solid outcome with headline NFP of 250K and one-tenth decline in the unemployment rate to 5.5%.”

“Given the unexpectedly weak wage growth in December report despite steady improvement in broader labor market conditions, wage data will also attract market attention. We expect headline hourly earnings to bounce back modestly m/m at 0.3%, while hours worked to stay unchanged at 34.6, both in line with consensus.”

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