Home Forex Goldman Sachs expect US nonfarm payrolls at +225K

Goldman Sachs expect US nonfarm payrolls at +225K

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Goldman Sachs expect US nonfarm payrolls at +225K

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NPF data is due Friday, 4 November 2022. Goldman Sachs estimates include:

  • nonfarm payrolls rose by 225k in October
  • unemployment rate unchanged at 3.5%
  • average hourly earnings +0.35% m/m & +4.7% y/y

GS cite:

  • Labour demand remains elevated despite declining this year
  • Big Data indicators generally point to above-consensus payroll gains

Also:

  1. This
    snapshot from the ForexLive economic data calendar, access
    it here
    .
  2. The
    times in the left-most column are GMT.
  3. The
    numbers in the right-most column are the ‘prior’ (previous
    month/quarter as the case may be) result. The number in the column
    next to that, where there is a number, is the consensus median
    expected.

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