US: Headline Non-Farm Payrolls seen at +185k in December – Goldman Sachs

Dhwani Mehta FXStreet

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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