GS: Change in Nonfarm Payrolls (Apr): 220K. Unemployment Rate (Apr):  6.60%.

BofA: The employment report should show a continued healing in the labor market. We look for nonfarm payrolls to increase 215,000 in April, an improvement from the three-month average of 178,000. We also look for the government to add 5,000 jobs as state and local governments hire. This means private payroll growth of 210,000. The unemployment rate is likely to tick down to 6.6%.

Nomura: We expect the Bureau of Labor Statistics (BLS) to announce that a net new 225k jobs were added to nonfarm payrolls in April. This gain would be 28k higher than March’s increase and slightly above the consensus expectation. We forecast that private payrolls increased by a net 220k, reflecting our expectation of a 5k increase in government employment. We expect the household survey to show that the unemployment rate ticked down 0.1pp to 6.6% in April after inching up to 6.7% in February.

CS: We expect a non-farm payrolls print of 200k, below consensus at 218K, up from 192k last month. We expect the unemployment rate to drop 0.1pp to 6.6%, while hourly earnings should increase 0.2%.  A reading in line with our estimate would be not be enough to take us out of the recent range, in our view. While we expect better data and higher inflation to lead us toward 3% in 10s by the end of Q2, in the very near term we foresee range-bound trading and subdued volatility in rates.  In anticipation of a pick-up in US data, we favor selective long USD positions against currencies with negative betas to US yields and low implied volatility levels, namely JPY and MXN.

Barclays: We look for headline NFP of 250K and an unemployment rate of 6.6%.

Credit Agricole: Our nonfarm payrolls forecast looks for a 215K gain in April with the unemployment rate down one-tenth at 6.6%.

BNPP: Our expectation is for a 215k increase in employment and a stable 6.7% unemployment rate, essentially in line with consensus, while we anticipate a strong 0.4% rise in aggregate hours worked. We would expect confirmation of above 200k jobs growth to erase some of the concerns raised by the weak reading on Q1 GDP released earlier this week, and this should be consistent with some recovery in the dollar. Most forecasts fall between 200k and 235k, and it would likely take a result significantly outside that range to generate more dramatic FX moves. We remain long USDCHF and short NZDUSD heading into this key data.

SEB: Strong employment gains are expected and if the consensus is right momentum is picking up as well since the 3-month trend is currently running closer to 180k. We look for 220k on both the headline and private employment, slightly above consensus. Temporary employment, a leading indicator, is rising at a faster pace. While businesses are firing few workers, new hiring is still not at normal levels. We and the consensus see the unemployment rate heading lower to 6.6%

Danske: We look for a solid rise of 220k in non-farm payrolls, which is in line with the consensusestimate of 218k (note that the consensus estimate has moved higher during theweek). A number of indicators has pointed to a solid rebound in activity in March andApril (personal spending, ISM, industrial production) and this is expected to bereflected in payrolls as well. The unemployment rate will also be important. We expect a small decline from 6.7% to 6.6%.