NFP: Payrolls to slow to 150k in April – TDS – by MSalordFX NFP Banks
“High-frequency data suggest the pace of job creation is likely to take a step down in April, with payrolls set to advance at a sub-200k pace for the first time since 2020. Our interpretation of the daily Homebase series, which tracks small-business payrolls, suggests employment rose 150k.”
“Jobless claims were little changed vs mid-March, but continuing claims have been rising. This story might change in coming months, though layoffs have concentrated on the information sector , with no evidence of large spillovers into other sectors just yet.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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