Goldman Sachs are looking for nonfarm payrolls to be up 225k in February while the unemployment rate remains unchanged at 6.3%
Citing:
- Falling infection rates and a net easing of business restrictions likely supported job growth in virus-sensitive industries.
- Big Data employment signals also indicate a pickup in job growth on net, and the severe winter storms in the South probably struck too late to significantly affect the report.
- Seasonal adjustment represents a two-sided source of uncertainty, as the seasonal hurdles have evolved in an increasingly unfavorable direction in recent months.
unemployment rate of 6.3%
- reflecting a solid expected rise in household employment offset by a rebound in labor force participation
estimate a 0.1% increase in average hourly earnings (mom sa) due to negative calendar effects.
-------
The data is due at 1330 GMT
- NFP headlines consensus expected is +198K, prior +49K
- jobless rate expected 6.3%, prior 6.3%
