US: NFP to rise by 300K in April – Goldman Sachs
|Analysts at Goldman Sachs offer a sneak peek at what to expect from Friday’s US Nonfarm Payroll data due to be released at 1230 GMT.
Also read: US April Nonfarm Payrolls Preview: Analyzing gold's reaction to NFP surprises
Key quotes
“We estimate nonfarm payrolls rose by 300k in April.”
“We estimate a one-tenth drop in the unemployment rate to 3.5%, reflecting a solid or strong rise in household employment partially offset by another 0.1pp rise in labour force participation to 62.5%.”
“While labour demand remains at elevated levels and dining activity has returned to normal, seasonally-adjusted job growth tends to slow during the spring hiring season when the labour market is tight.”
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