US Nonfarm Payrolls: Banks Preview, labor market still going strong NFP Fed InterestRate Macroeconomics Banks
“We expect payroll growth to have decelerated to 190K, which would remain very solid given the increasingly limited number of people remaining on the sidelines. The household survey is expected to show a similar gain, something which would leave the unemployment rate unchanged at 3.6%, assuming the participation rate stayed put at 62.5%.”“Our NFP projections are for a moderation.
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