Report
April Employment Report Preview
We estimate that nonfarm payrolls rose by 235k in April ( prev. 303 k), with private payrolls increasing by 175k. The estimate shows resilient strong job gains, but a significant slowdown from the breakneck pace we’ve seen since the start of the year. We expect payroll growth to continue to slow further by year end. We expect the unemployment rate to rise marginally to 3.84% with a labor force participation rate of 62.68%.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Jonathan PINGLE
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