Goldman Sachs preview the US December Nonfarm payroll data due Friday

Author: Eamonn Sheridan | Category: News

The NFP is due at 1330 GMT on Friday 5 January 2018

  • The consensus median expectation for the headline is +190K
  • (prior) November was +228K
Adam and I have posted previews up earlier:
This now via Goldman Sachs (in brief summary).
  • The GS expectation for the 'headline' is +175k
  • Forecast a one-tenth fall in the unemployment rate to 4.0%
  • Average hourly earnings +0.3% m/m & +2.5% y/y
GS cite:
  • While labor market fundamentals appear solid, we expect a deceleration from the pace of job gains in October and November, which benefitted from a sharp employment rebound in hurricane-affected states.
  • Our forecast also reflects a modest drag from winter storms around the December survey period.

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