Analysts at Goldman Sachs have prepared their preview of US Non-farm Payrolls if the Friday shindig, with the investment bank calling for a slightly improved reading in the
Key highlights
Headline change expected +198K, prior +157K.
Unemployment rate expected 3.8%, prior 3.9%.
Average hourly earnings expected +0.2% m/m, prior +0.3%.
Average hourly earnings expected +2.7% y/y, prior +2.7%
“While continued strength in employment surveys and jobless claims data suggest underlying labor demand remains solid, we expect a Drag of around 40k from negative residual seasonality
We estimate the unemployment rate fell one tenth to 3.8%
We expect average hourly earnings to increase 0.2% month over month and 2.7% year over year “
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