Goldman Sachs on their expectations for the June nonfarm payrolls
- Headline +180k
- Unemployment 4.3%
- Average hourly earnings+0.3% m/m & +2.6% y/y
Comments:
Our forecast reflects mixed labor market fundamentals in the month:
- Solid employment surveys
- But weaker jobless claims
- A positive impact from youth summer hiring
Unemployment rate ... we view the risks as skewed towards rounding up to 4.4%
Average hourly earnings ... reflecting somewhat favorable calendar effects
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ps. Greg did a much more comprehensive preview here:
- US employment to be release on Friday. What to expect?
