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Goldman March Payrolls Preview

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:
We estimate nonfarm payrolls rose 775k in March ... Big Data employment signals also indicate a pickup in job growth, and we expect a favorable swing in the weather to support construction employment following weakness in February. ... We estimate a three-tenth decline in the unemployment rate to 5.9%​.
emphasis added
CR Note: The consensus is for 565 thousand jobs added, and for the unemployment rate to decrease to 6.0%.

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