Send me real-time posts from this site at my email

Goldman November Payrolls Preview

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:
We estimate nonfarm payrolls rose 575k in November ... Big Data employment indicators were mixed in the month, and we also see some chance that labor supply constraints weighed on pre-holiday hiring in the retail industry. ... We estimate a one-tenth drop in the unemployment rate to 4.5%, reflecting a strong household employment gain but a likely rebound in the labor force participation rate
emphasis added
CR Note: The consensus is for 563 thousand jobs added, and for the unemployment rate to decrease to 4.5%.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue