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On tap for Friday: Nonfarm and......>

US DATA PREVIEW
US DATA PREVIEW: On tap for Friday: Nonfarm and private payrolls; unemployment
rate; avg hourly earnings; advance goods trade, advance wholesale and retail
inventories; Markit Services Index; ISM Non-manufacturing Index; StL and NY Fed
GDP Nowcasts.
- Morgan Stanley economists estimate April jobs gain 233,000 "boosted by Census
Bureau hiring. Excluding the expected jump in government payrolls, we expect
private payrolls to rise 194,000, which would represent a robust pace of hiring
on top of the 182,000 gain in private payrolls in March."
- Barclays expect nonfarm payrolls "to rise by 200k on the month and for private
payrolls to increase by 190k. Factors influencing our forecast include initial
jobless claims data, which moved to new recovery-level lows in March."
- Nomura economists forecast a jobs gain of +190k as "incoming data suggest a
pickup in economic momentum at the end of Q1 that likely spilled over into
April." 

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