Goldman Sachs looking for 600K headline Nonfarm payroll data result

US NFP data is due Friday 8 October 2021 at 1230 GMT.

Earlier post:

• JP Morgan looking for +900K, 5.6% jobless rate in the NFP

Goldman Sachs on what they expect:

• estimate nonfarm payrolls rose 600k in September
• unemployment rate to 5.1%

Citing:

• we believe the nationwide expiration of enhanced unemployment benefits on September 5 boosted effective labor supply and job growth
• We are assuming a 200k boost in tomorrow’s numbers and a larger boost in October.
• We also believe the reopening of schools contributed to September job growth, by around 150k