Fall in US Unemployment Rate Could take a Breather Before Continuing Lower: Danske Bank Markets

Quotes from Danske Bank Markets:
- Our model estimates US non-farm payroll for Jan at 215,000 , which is marginally below consensus at 231,000. Government job growth has averaged 9,000 per month over the past six months and our model suggests a slightly higher pace of growth in Jan (+15,000). 
- We expect the unemployment rate to stay constant at 5.6% , after falling 0.2 points in Dec. Over the past three months, labour force growth has averaged 95,000 per month, while household employment has grown 278,000 per month. 
- With employment growth likely to decline in Jan, the downward drift in the unemployment rate could take a breather before continuing lower. 

Published: 2015-02-02 17:50:00 UTC+00

Fall in US Unemployment Rate Could take a Breather Before Continuing Lower: Danske Bank Markets