US NFP expected to rise to 575K in November – Goldman Sachs

Dhwani Mehta FXStreet

Analysts at Goldman Sachs offer a sneak peek at what to expect from Friday’s US Nonfarm Payrolls data due for release at 1330 GMT.

Key quotes

“Looking for a headline +575k and the unemployment rate to 4.5%.”

“Big Data employment indicators were mixed in the month, and we also see some chance that labor supply constraints weighed on pre-holiday hiring in the retail industry.”

A drop in the jobless rate reflects “a strong household employment gain but a likely rebound in the labor force participation rate.”

Read: Nonfarm Payrolls Preview: Jobs’ headline could be a make it or break it in tapering’s decision

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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