Goldman Sachs forecasts +230K jobs report.
Goldman Sachs sees nonfarm payrolls matching the 230K consensus estimate, despite just 169K jobs in Wednesday's ADP employment report.
"While labor market indicators were mixed in April, the employment components of service sector surveys were strong and better weather conditions should provide a boost. In addition, we see some upside risk to our forecast from a calendar effect," they wrote.
The market is likely priced below the 230K consensus, somewhere closer to 200K, so a stronger reading would give the US dollar a lift.
"We expect the unemployment rate to decline by one-tenth to 5.4% and average hourly earnings to rise 0.2%," Goldman Sachs analysts wrote.
