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Goldman Sachs' NFP preview

Goldman Sachs begin their nonfarm payroll preview by reminding everyone to enter the ForexLive competition!

Enter at this link: Take a shot in the ForexLive Non-farm payrolls competition

I must say its nice of Goldies to give us a shout out like that :-D (just for clarity, I'm kidding)

OK, on with what the bank expects.

  • Their forecast is +210k

Expect the jump from May's result:

  • In part reflects the conclusion of a strike at Verizon Communications (this alone accounts for 70k in the m/m the month-over-month swing
  • Scope for improvement beyond Verizon, as other labor market data have generally looked encouraging

Also:

  • Expect U3 unemployment rate increased by one tenth to 4.8%
  • Average hourly earnings for all workers expected +0.1% m/m

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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