Goldman Sachs on Friday's NFP from the snowy swamp capital of the US
(Looks like snow for Washington DC may make the release more exciting than usual:
Nonfarm Payroll report due Friday morning US time .... will it be a snow job? )
From GS:
- Forecast is at a gain of 180K jobs
- For unemployment rate, GS is at 4.7%
- Average hourly earnings, looking for +0.3% m/m and +2.8% y/y
Say Goldman Sachs:
- Forecast for steady payroll gains
- Reflects encouraging labor market surveys overall
- As well as our expectation of above-trend growth in the transportation industry related to strong online holiday shopping
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While I'm on the NFP, here are the Bloomberg consensus median expectations for the December result:
- Headline 175K (prior was 178K)
- unemployment rate 4.7% (prior 4.6%)
- Average hourly earnings +0.3% m/m (prior -0.1%) and +2.8% y/y (prior +2.5%)