01/04/2016
Today we have US Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate released at 12.30pm GMT.
Payrolls are expected to rise by 205K for March, below last months reading of 242K yet still above the significant 200K level. The unemployment rate is expected to hold at a very low 4.9%. Particular focus will be paid to hourly earnings given its influence on inflation, this is expected to rise to 0.2% from last months disappointing reading of -0.1%.
This week’s ADP report beat expectations printing at 200K, which is a positive sign for the government release.