1Finance

Next Week's February NFP by BofA Merrill

• "In the February employment report, we anticipate a pick-up in the pace of nonfarm payroll growth to 175,000, with government payrolls accounting for 5,000."
• "We look for the unemployment to hold steady at 4.9%. It will be interesting to see if the labor force participation rate continues to increase, following the uptrend over the prior four months. If so, this could reflect some discouraged workers slowly coming back into the labor market. Average hourly earnings should post a modest 0.1% increase, but this follows a 0.5% pop in January. We see a risk of a weaker print on wages as a payback from the very strong gain in January. Our forecast would leave the yoy rate unchanged at 2.5%. We expect the average workweek to stay at 34.6."

EURUSD M5: 133 pips range price movement by Non-Farm Employment Change news event:




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