A firm rebound expected in US payrolls

In tonight's report, the economists look for a firm rebound in US payrolls, back above the 200K threshold. 

Another tick lower in the unemployment rate to 5.4% from 5.5% is seen. March was not the cleanest of employment reports, as weather seemingly played an important role in the weakness.

The most weather-sensitive sectors of the economy (construction and leisure/hospitality) witnessed the largest sequential swing in headcount (down -87K and the largest sequential drop since the Dec 2013 blizzard). 

"With the pipeline of jobs (openings) hitting fresh cycle (and 14-year) highs, and the trend in jobless claims decidedly lower, we remain constructive on jobs for the balance of 2015", says RBC Capital Markets