US: NFP to increase by 190K in March - Natixis

In view of the analysts at Natixis, this week is important for the US due to the release of NFP numbers and FOMC Minutes.

Key Quotes

“In line with the still low level of initial jobless claims and rising confidence in the employment market, we expect total NFP to increase by 190K in March (220K for ADP).This pace along with the stabilization in the participation rate should leave the unemployment rate unchanged at 4.7%. Average hourly earnings are expected to increase by 0.3% MoM / 2.8% YoY.”

“Last but not least, the Fed will publish the Minutes of its last FOMC meetings. We will be looking at the Fed’s perception of the current economic environment. In addition, the Fed is expected to provide some details on its discussions regarding the normalization of the balance sheet.”