US: NFP to rise by 300K in April – Goldman Sachs

Dhwani Mehta FXStreet

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.”

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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