US NFP: Headline number is seen rising by a healthy 180K - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that today’s market focus will be on the much awaited US payrolls report.

Key Quotes

“The headline number is seen rising by a healthy 180K, but average earnings are seen up just 2.6% y-o-y – that’s yet another structural issue that monetary policy can’t change, apparently.

Apart from that we will also have Canadian employment and the US trade balance to look at.”