"Expect Noise": Deutsche Bank Explains Why The Bar For 'Good' Payrolls Is Lower Than You Think

All eyes are on today’s delayed January US jobs report. 

Deutsche Bank's economists are looking for a 75k gain on both headline and private payrolls, with unemployment remaining at 4.4% - broadly in line with consensus.

But, as Deutsche's Jim Reid points out in a brief pre-payrolls note this morning, this month’s report comes with plenty of quirks: