Latest client note from BOAML from our friends at 5 May 2016
efxnews.com
Non-farm payrolls preview:
Of
this, government hiring likely contributed 5,000, which is a more
modest clip than the 20,000 pop in March. We find support to our outlook
from the push lower in jobless claims and improvement in the Conference
Board’s labor market differential measure. There may be a payback in
manufacturing jobs after two sizeable declines in February and March,
but the early manufacturing survey data have been mixed.