US: NFP likely to slow to 160k – Deutsche Bank

Deutsche Bank’s US economists are expecting the US nonfarm payrolls to slow to 160k versus 196k in March, while the consensus is for 190k.

Key Quotes

“Our colleagues do note though that their forecast should be enough to keep the unemployment rate at 3.8%, while for earnings they forecast +0.2% mom, a tenth below what the market expects. That should still be enough to see the annual rate nudge up to +3.3% yoy though and just shy of its post-recession high.”