Goldman Sachs preview of Friday’s US nonfarm payroll for January

For the NFP headline Goldman Sachs is looking for +205K

  • For unemployment, an unchanged rate of 4.1%
  • Look for average hourly earnings to have increased 0.2% m/m & 2.6% y/y

GS cite:

  • Labor market fundamentals continue to appear solid
  • we believe weather in the survey week improved sequentially from that of December, despite the "bomb cyclone" in the first week of the month

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