US: Potential upside risk for May employment report – Nomura

Analysts at Nomura note that the newly released estimates from the San Francisco Fed’s weather-adjusted payroll model, based on county-level weather patterns, suggest that weather may have played a large role in the underperformance of US payroll employment in April. Key Quotes “The numbers for April, with a weather-adjusted estimate of 339k versus the official […]

The post US: Potential upside risk for May employment report – Nomura appeared first on Forex Crunch.

Add a Comment