Goldman Sachs NFP preview (if TL;DR .... +276K, 4%)

March Nonfarm payroll data is due on Friday 6 April 2018 during the US morning

This look at what to expect, in brief, from GS:

  • estimate nonfarm payrolls increased 200k

While we believe elevated snowfall will cause job growth to decelerate from the +276k average pace in the prior two months

  • labor market fundamentals remain solid and appear to have improved further

More:

  • Estimate unemployment rate fell to 4.0% in March
  • Estimate a 0.3% m/m increase in average hourly earnings (2.7% y/y) ... reflecting somewhat favorable calendar effects.

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