Earlier on the payroll report:

From CR: Preview of April Employment Report

And Goldman’s April NFP Preview

“We expect a 240k gain in nonfarm payroll employment in April [and] the unemployment rate to fall to 4.9% [and] Average hourly earnings for all workers are likely to rise 0.3% in April

• At 8:30 AM ET, the Employment Report for April. The consensus is for an increase of 200,000 non-farm payroll jobs added in April, down from the 215,000 non-farm payroll jobs added in March. The consensus is for the unemployment rate to decline to 4.9%.

• At 3:00 PM, Consumer credit from the Federal Reserve.  The consensus is for a $15.8 billion increase in credit.

From http://feedproxy.google.com/~r/CalculatedRisk/~3/IoABtEaA9m0/friday-jobs-and-wages.html