Previously posted previews for the labour market report for February are here
Another one now, this via RBC:
- Employment generation has been particularly impressive in recent months with consistent upside surprises. After a nearly 40k print in January, with monthly employment averaging 32k in the last three months and 30k in the last six months, this headline print is due for some correction, especially given the moderation in vacancies in recent months.
- We look for a drop of -5k, with a more sustained moderation in monthly employment generation from mid-year. We expect the unemployment rate to hold at 5%.
