US: Non-farm payrolls likely to rise by 180k in March – ANZ

Analysts at ANZ explain that the consensus estimate for non-farm payrolls is for a rise of 180k for March as adverse weather is expected to have held back gains relative to last month’s solid 235k rise.

Key Quotes

“Despite the slowing, job generation at this pace is more than enough to put further pressure on an already tight labour market. The pace of wage growth will be important to watch as this may be a key metric shaping the rate of the Fed’s gradualism on rates.”