US: Non-farm payrolls likely to increase by 200k in November – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting the US Nonfarm payrolls to increase by a solid 200k in November following the above-consensus 128k October print.

Key Quotes

“The headline print is benefiting from a temporary boost in job gains in the goods sector, which should rebound by around 50k —a bounce-back from last month's large decline due to the GM strike.”

“We look for the overall household survey to show the unemployment rate ticked down a tenth to 3.5% and expect wages to rise 0.3% m/m, leaving the annual rate unchanged at 3.0% y/y.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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