Friday 6 July 2018 brings the June nonfarm payroll report - here is a preview
Posted already:
- US President Trump has promised not to tweet about the NFP jobs report in advance
- US President Trump won't be leaking the NFP results - this preview will have to do
preview via GS:
We estimate that nonfarm payrolls increased 200k in June, slightly above consensus
- Our forecast reflects strong employment surveys across both manufacturing and services.
- Our forecast also embeds solid summer hiring of students and recent graduates, and we note that job growth tends to accelerate in June when the labor market is tight.
We expect the unemployment to round down to 3.7% in tomorrow's report
We estimate a 0.3% month-over-month increase in average hourly earnings, reflecting favourable calendar effects.
- This would boost the year-over-year rate by a tenth to 2.8%
