Forex Flash: US October NFP to stay at +115K pace – TD Securities

FXstreet.com (Barcelona) - TD Securities analysts expect Nonfarm Payrolls in the US to rise around 115K in October, the same pace as the September figure, which is a view below the 125K consensus. "Hiring and investment are being compromised by a host of uncertainties, including the fiscal cliff and the presidential election", wrote analyst Alvin Pontoh, considering the Fed's target of +200K hard to reach. "Positively, government jobs have drifted back to neutral and construction jobs should improve in coming quarters, sectors that have been a drag so far in the recovery", Pontoh added.