Our NFP leading indicators show a mixed picture ahead of April’s US jobs report, failing to provide a strong trading signal ADP Employment Report provided the most positive signal, but weak Jobless Claims and manufacturing employment data balance it out

April’s US jobs’ report is coming out on Friday at 12.30 GMT and traders are looking for clues ahead of it. After an up-and-down sequence in the last two releases, the US labor market is forecasted to be back on the stable but positive trend that has been carrying for the better part of the last decade. Headline Non-Farm Payrolls report is expected to come out with 185K new jobs added, while Unemployment Rate should be stable at record 3.8% lows and Average Hourly Earnings are forecasted

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