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Primary Dealer Analysts Skewed To Dovish AHE Surprise

US OUTLOOK/OPINION
  • The median primary dealer analyst expects a 190k increase for nonfarm payrolls vs the broader consensus of 180k for Friday's report at 0830ET.
  • There is reasonable consensus around the median 3.8% for the unemployment rate per the broad consensus.
  • However, there is a clear dovish skew to AHE for what would appear as a dovish surprise from the 0.3% M/M expected in the median Bloomberg survey.
  • [Table taken from the MNI Payrolls Preview, found here]


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