US jobs growth to slow to 175k in February - TDS

Analysts at TDS are looking for US jobs growth to slow to 175k in February (market: 200k), slightly below the six-month trend.

Key Quotes

“We expect average hourly earnings to have a larger impact on markets after the January surprise. TD looks for earnings growth to slow to 2.8% y/y, reflecting a 0.2% increase on the month (both in line with market estimates). We also expect the unemployment rate to hold at 4.1% (market: 4.0%). Q4 capacity utililization will be released alongside employment and the market.”