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US NFP to bounce and unemployment rate to edge down - Rabobank

FXStreet (Delhi) – Michael Every, Research Analyst at Rabobank, suggests that the market expectations are 185K, up from last month’s disappointing 142K, with unemployment expected to edge down to 5.0%, the lowest since 2008.

Key Quotes

“It goes without saying the market will run screaming in one direction or another depending on how the headline figure in this volatile series pans out. Yet on that front note that yesterday’s US unit labour costs rose only 1.3% in Q3 vs. 2.5% expected: there still isn’t any labour bargaining power out there save a few lucky industries, but can’t all work for social media/internet giants.”

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