Goldman's November NFP Preview

A few excerpts from Goldman Sachs' November Payroll Preview by economists Avisha Thakkar and Daan Struyven: We forecast that nonfarm payroll growth increased to 200k in November , after an increase of 161k in October. We have revised up our forecast from 180k previously reflecting stronger data this week, in particular the ADP report. Our above-consensus forecast reflects an improvement in most labor market indicators last month, positive weather effects and possible residual seasonality. We expect a one-tenth decline in the U3 unemployment rate to 4.8% . Average hourly earnings likely rose......(read more)

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