Goldman Sachs: US NFP preview
|Goldman Sachs analysts are out with their US Non-Farm Payrolls preview, and they are calling for a better-than-consensus showing for the indicator.
Key quotes
"We estimate that nonfarm payrolls increased 200k in June, slightly above consensus.
Our forecast reflects strong employment surveys across both manufacturing and services.
Our forecast also embeds solid summer hiring of students and recent graduates, and we note that job growth tends to accelerate in June when the labor market is tight.
We expect the unemployment to round down to 3.7% in tomorrow's report.
We estimate a 0.3% month-over-month increase in average hourly earnings, reflecting favourable calendar effects.
This would boost the year-over-year rate by a tenth to 2.8%."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.