BofA sees a good report.
“[W]e expect nonfarm payroll growth moderated to 230k, reversing much of the acceleration seen in January. This should still be enough to put downward pressure on the unemployment rate since we expect the labor force participation rate to be unchanged at 62.4%. As a result, we look for the unemployment rate to remain unchanged at 3.4%, but there is a meaningful risk that it rounds down to 3.3%.”
MS sees a decent report.
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