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TD sees August non-farm payrolls at 180k and 3.5% unemployment

TD Securities has projected a 180k increase in Non-Farm Payrolls (NFP) for August, exceeding the consensus expectation of 168k. The bank also forecasts the unemployment rate to remain stable at 3.5%, aligning with the general consensus. According to TD, wage growth is likely to register at 0.3% month-on-month and 4.3% year-on-year.Key Points:NFP Expectations: TD Securities anticipates that NFP will clock in at 180k for August, a number that would maintain the recent downtrend in the three-month... Read More

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Posted: Aug 28 2023, 19:24

Author Name: forexlive

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