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Risks Skewed To Hawkish U/E Rate Surprise In Payrolls Report

US OUTLOOK/OPINION
  • The Bloomberg survey of primary dealer analysts points to a significant skew towards an unchanged unemployment rate of 3.5% in tomorrow's payrolls report for April, in contrast to broader consensus for an increase to 3.6%.
  • The AHE survey also sees a more modest hawkish skew to a stronger reading than the 0.3% M/M consensus figure after 0.27% M/M in March.



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