FXstreet.com (Barcelona) - After posting good results at the beginning of the year, US Nonfarm Payrolls growth slowed down considerably in the last two months. In the opinion of Alexandra Estiot, senior economist at BNP Paribas, this trend “is likely to be reversed in the coming months” but not enough to brign the unemployment rate further down.
The expert believes that “the manufacturing sector, which has been a non-negligible net job creator, is very likely to limit the increase in payrolls,” so employment growth shouldn't be greater than 120K “which will drive the unemployment rate up, gradually but steadily.”
The expert believes that “the manufacturing sector, which has been a non-negligible net job creator, is very likely to limit the increase in payrolls,” so employment growth shouldn't be greater than 120K “which will drive the unemployment rate up, gradually but steadily.”
