• U.S. non-farm payrolls likely to increase in March - Danske Bank

Market news

4 April 2017

U.S. non-farm payrolls likely to increase in March - Danske Bank

"We estimate that unemployment remained at 4.7 percent and average hourly earnings increased 0.2 percent m/m, implying an increase in the wage growth rate of 2.7 percent y/y. We continue to expect the service sector to be the main driver of job creation and expect it contributed 160,000 new jobs. Manufacturing has been on a positive trend in terms of job creation, but we expect it slowed somewhat in March (also due to bad weather). Thus, we expect 15,000 new jobs were created in manufacturing".

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