4 Dec 2015
US NFP likely created 219K jobs in November - TDS
FXStreet (Delhi) – Research Team at TDS, suggests that ahead of the crucial FOMC meeting later this month, the market is likely to take direction from the November payrolls report.
Key Quotes
“TD expects the US economy to create 219K jobs in November, underscoring that the labor market has regained its footing after earlier missteps. This is above the market consensus for a rise of 200K.”
“The October trade report is also on the docket, and TD’s forecast is for the external balance to weaken to -$41.3B from -$40.8B the month before. The widening in the deficit should be mostly on account of the goods balance, while the service sector surplus should remain unchanged at $19.5B. The market consensus is for a modest improvement to -$40.5B.”
Key Quotes
“TD expects the US economy to create 219K jobs in November, underscoring that the labor market has regained its footing after earlier missteps. This is above the market consensus for a rise of 200K.”
“The October trade report is also on the docket, and TD’s forecast is for the external balance to weaken to -$41.3B from -$40.8B the month before. The widening in the deficit should be mostly on account of the goods balance, while the service sector surplus should remain unchanged at $19.5B. The market consensus is for a modest improvement to -$40.5B.”