Goldman Sachs begin their nonfarm payroll preview by reminding everyone to enter the ForexLive competition!
Enter at this link: Take a shot in the ForexLive Non-farm payrolls competition
I must say its nice of Goldies to give us a shout out like that :-D (just for clarity, I'm kidding)
OK, on with what the bank expects.
- Their forecast is +210k
Expect the jump from May's result:
- In part reflects the conclusion of a strike at Verizon Communications (this alone accounts for 70k in the m/m the month-over-month swing
- Scope for improvement beyond Verizon, as other labor market data have generally looked encouraging
Also:
- Expect U3 unemployment rate increased by one tenth to 4.8%
- Average hourly earnings for all workers expected +0.1% m/m
