Soc Gen with their nonfarm payroll thoughts
– After a weak March print, payrolls rebounded by 211,000 in April, and the unemployment rate fell again to 4.4%. The bulk of the gain was driven by leisure (55,000), education/health (41,000), and professional business services (39,000), which together accounted for about 70% of the 194,000 rise in private job growth in the month.
Earlier previews here: