Goldman Sachs nonfarm payroll expectation +190K

[thenews]

Goldman Sachs economists preview of the NFP report for July

GS cite their 'wage tracker' accelerating to 2.8% y/y, the acceleration indicating diminishing slack on the labour market

In brief:

• Looking for a headline gain of 190K
• Forecast unemployment rate remaining at 4.9%
• For average hourly earnings, +0.3%, and up 2.6% over the past year

-
The Bloomberg median consensus expectd is for 180K