FOCUS OF THE DAY: U.S. jobs report
Dear traders,
Today Friday’s nonfarm payrolls report for April tops the list of data releases this week with economists expecting a gain of 181 thousand jobs, while the unemployment rate is forecast to hold steady at 3.8%. The U.S. economy added 196,000 jobs in March, rebounding after just 33,000 jobs were added in the previous month.
“Datawise, we look for consumer confidence to be boosted by equity market gains and the ongoing strength in the jobs market. This will be underlined by another decent rise in payrolls and a renewed uptick in wage growth after last month’s surprise dip,” ING said. (Investing.com)
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