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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
Recapping the main expectations for today's May Employment Report (0830ET/1330UK), from our Payrolls preview out yesterday (PDF here):
- Nonfarm payrolls are expected to partially rebound in May from April’s surprisingly low 175k, with 188k in headline gains per MNI’s sell-side analyst median.
- While still an acceleration from the prior month, the consensus outcome if realized would be seen as reinforcing the view that the labor market has shifted into a softer but still-solid phase of growth.
- The rebound is seen being led by a recovery in government job gains. Private payrolls are seen posting a fairly flat rise of roughly 160k, vs 167k in April, with health and social assistance sector payrolls still providing the biggest boost.
- Bloomberg consensus sees payrolls growth of 185k, with private payrolls up 165k.
- Other key statistics are seen remaining relatively steady, including the unemployment rate (April: 3.9%, or 3.86% unrounded), with average hourly earnings ticking up to 0.3% M/M (April: 0.20% M/M unrounded).
- MNI's Dealer Median table is below:
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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