US NFP to show around 180K jobs creation for April - Westpac

The research team at Westpac, explains that through early 2017, as payrolls printed well above expectations, they continued to emphasise that job growth was set to slow, not because the economy had deteriorated but rather simply because full employment had already been attained.

Key Quotes

“March's 98k result and the 38k in downward revisions to the prior two months went a long way towards bringing about the pace of jobs growth we had previously anticipated.”

“At 178k the Q1 average pace of job creation is still best considered strong. We expect a similar outcome in April, circa 180k. Household survey estimates have been volatile of late, but the level of the unemployment rate should remain broadly consistent with full employment, near 4.6%.”