Deutsche Bank expects to see a job gain of 300,000 in Friday's jobs data for February, while Jefferies foresees a 290,000 gain. Both are above the 225,000...
Friday’s nonfarm payrolls report for February is likely to come in way above consensus estimates, reinforcing the trend seen in January’s data, according to a pair of Wall Street firms.Economists at Deutsche Bank DB expect to see a job gain of 300,000, citing February’s mild weather as one likely influence. Aneta Markowska and Thomas Simons, economists at Jefferies JEF, said they foresee a gain of 290,000 for last month.
A stronger-than-expected jobs report has the potential to trigger another round of repricing in financial markets similar to the one seen after January’s nonfarm payroll report. As of Monday afternoon, a day before the start of Federal Reserve Chairman Jerome Powell’s semiannual testimony to Congress, all three major U.S. stock indexes DJIA SPX COMP were moving higher, while Treasury yields were little changed.
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