Analysts at the US investment banking giant Goldman Sachs offer a sneak peek at what to expect from Friday’s US labor market report due to be published at 1330 GMT.
Key Quotes:
“See employment fundamentals in the US as ‘solid’ and cite retail jobs growth due to 2019’s late Thanksgiving along with a rebound in the Midwest following the winter storms.
Estimate the NFP headline at +185k.
See the unemployment rate at 3.5%.
Average Hourly Earnings to arrive at +0.2% m/m and +3.0% y/y.”
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