Non-Farm Payroll (NFP) Predictions for April
Consensus: -78k
ADP: 10k
Last: -80k
DailyFX on the number:
Nearly everyone in the market seems to agree that non-farm payrolls will fall for the fourth month in a row, but will the job losses be more severe than what has been reported over the past 3 months? Job growth has been a sore point for the US economy for sometime and in March, the labor market reported its worst performance since March 2003. Analysts are currently looking for a mild improvement, but we believe that the conditions in the US labor market will worsen. In fact, non-farm payrolls could have even drop by 100k last month given the level of layoff announcements that have been announced.
Labels: Employment Situation, NFP

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