US jobs report for March – NFP – event of the week?

It’s a packed week ahead, previews here:

• Weekly Market Outlook (01-05 April)
• Newsquawk Week Ahead: US NFP, ISMs, EZ & Swiss CPI, Minutes from ECB & RBA

Perhaps the nonfarm payroll due Friday is the biggest event (let me know how wrong I am in the comments!).

Due at 8.30 am US Eastern time on Friday April 5.

Wall Street Journal survey:

• Economists surveyed expect 200,000 net jobs were created in March, which would be the lowest since November 2023 but is still a solid rise (priors were 275K in February, 229K in January and 290K in December)
• unemployment rate expected to tick down to 3.8% in March from 3.9% in the prior month
• average hourly earnings are expected to grow 0.3% in March, bringing the year-on-year measure down to 4.1% from 4.2% in February

This article was written by Eamonn Sheridan at www.forexlive.com.