Goldman: July Payrolls Preview

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate that nonfarm payrolls increased 205k in July , somewhat above consensus of 192k. Our forecast reflects lower initial jobless claims as well as the continued strength in employment surveys and job availability measures. Additionally, while trade policy uncertainty is likely on the rise, the recent escalation may have occurred too late to meaningfully impact tomorrow's report. We expect the unemployment rate to partially reverse its June increase, falling a tenth to 3.9% . ... We estimate average hourly......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2Axsdtq
via IFTTT