Nonfarm payroll thoughts from Goldman Sachs, in brief

  • GS is forecasting +165,000
  • Would be higher but for the strike at Verizon (GS cite the Bureau of Labor Statistics; the BLS attributes a minus 35,100 workers impact during the survey period)
    For the U3 unemployment rate, expected to fall to 4.9% ("although risks look tilted to the upside")
  • Average hourly earnings likely rose at a trend-like pace of 0.2%

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