A recap of the previews of the US jobs report later

The US non-farm payrolls will be due at 1230 GMT

As Adam mentioned in his preview (first link), it'll be all about the wages data. The NFP headline data won't do much to change things in my view. If it's a miss, it'll likely be attributed to weather patterns. If it's a beat, what else is new really? We're now accustomed to strong job prints already.

Average hourly earnings is expected to come in at +2.7% y/y, above the +2.6% y/y reading from last month. That's the key item to watch.

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