Nomura economists are on the top....>

US DATA PREVIEW: Nomura economists are on the top end of recent employ

forecasts, looking for a "solid 205k nonfarm payroll employment increase in May,

with essentially all of the gain coming from private employers. Incoming labor

market data point to steady employment growth and a still-low unemployment rate,

consistent with our optimistic outlook for Q2 and 2018." Nomura said initial

jobless claims should "remain subdued while the four-week moving average of

continuing unemployment insurance claims has recently reached levels not seen

since the early 1970s. We expect average hourly earnings to increase 0.22%

m-o-m, likely leaving the y-o-y rate unchanged at 2.6%."