US: Non-Farm Payrolls to see a fall of 24 mln in April – Goldman Sachs

Analysts at Goldman Sachs offer their estimates on the US Non-Farm Payrolls (NFP) data release due later on Friday at 1230 GMT.
Key quotes
“Non-Farm Payrolls declined by 24 million in April.
Unemployment rate rose from 4.4% to 14.0%.
In interpreting the report, we will pay special attention to the number and share of workers on furlough or temporary layoff.”
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.

















