Goldman Sachs' NFP preview

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

source

 
theNews:

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

source

Maybe its a good ideia !
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