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Aug 30 - 02:55 PM

USD: Payrolls Probably Slowed Sharply In August - TD

By eFXdata  —  Aug 30 - 01:30 PM

TD Research discusses its preview for this week's US jobs report for the month of August and expects NFP print at 400k (cons: 750k).

"Payrolls probably slowed sharply after a 943k surge in July. The pattern reflects less help from the seasonal adjustment process, particularly for the government sector, but underlying momentum appears to have faded as well.

"That is the signal from the Homebase data, even as claims have been falling. Slowing would help the case for no tapering announcement in September," TD notes. 

TD Bank Research/Market Commentary


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