US Nonfarm Payrolls to rebound to 230K in November – TDS

Dhwani Mehta FXStreet

Analysts at TD Securities (TDS) offer a sneak peek at what they expect from Friday’s United States (US) labor market report for November.

Key quotes

“We look for payrolls to rebound in November, registering a 230k gain and reflecting a mean-reversion after a softer NFP report in October.”

“We also expect the UE rate to decline by a tenth to 3.8% following the surprising increase in October to 3.9%, as we are anticipating a rebound in the household employment series.”

“Average hourly earnings likely advanced 0.3% m/m, with the y/y measure dropping to 3.9%.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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