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5 Dec 2014
US monthly jobs report may be disappointing – DBS
FXStreet (Barcelona) - The DBS Research Team notes that tonight’s US monthly jobs report may disappoint, with consensus expecting the NFP to rise to 230k in November.
Key Quotes
“As for the DXY (USD) index, tonight’s US monthly jobs report may disappoint. Consensus expects nonfarm payrolls to rise to 230Kin Nov14 from 214K in the previous month. For the comparable period, the ADP report showed a slide to 233K to 222K, while the ISM employment sub-indices slid to 56.7 from 59.6 for the services sector and to 54.9 from 55.5 in the manufacturing sector. The 4-week average in initial jobless claims rose to 102.1 from 101.4 between 29 Nov and 31 Oct.”
Key Quotes
“As for the DXY (USD) index, tonight’s US monthly jobs report may disappoint. Consensus expects nonfarm payrolls to rise to 230Kin Nov14 from 214K in the previous month. For the comparable period, the ADP report showed a slide to 233K to 222K, while the ISM employment sub-indices slid to 56.7 from 59.6 for the services sector and to 54.9 from 55.5 in the manufacturing sector. The 4-week average in initial jobless claims rose to 102.1 from 101.4 between 29 Nov and 31 Oct.”