Its nonfarm payroll day in the US - preview

Author: Eamonn Sheridan | Category: News

NFP report is due Friday, some comments from Goldman Sachs on what they expect

Estimate the headline nonfarm payrolls +150k
  • Our forecast reflects a 15-20k boost from Census canvassing activities, but a slower underlying pace of private-sector job gains in part reflecting the return of the trade war
Further forecasts:
  • unemployment rate unchanged at 3.7%.
  • average hourly earnings +0.2% m/m and 3.0% y/y 

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