Friday is US nonfarm payroll day – Goldman Sachs preview

News

Coming up at 1230 GMT on Friday 06 May 2022, US Nonfarm payrolls report:

  • This
    snapshot from the ForexLive economic data calendar,
    access
    it here
    .
  • The
    times in the left-most column are GMT.
  • The
    numbers in the right-most column are the ‘prior’ (previous month)
    result.
  • The
    number in the column next to that, where is a number, is what is the
    consensus median expected.

Snippet via Goldman Sachs:

  • We estimate nonfarm payrolls rose by 300k in April
  • We estimate a one-tenth drop in the unemployment rate to 3.5%, reflecting a solid or strong rise in household employment partially offset by another 0.1pp rise in labour force participation to 62.5%
  • While labour demand remains at elevated levels and dining activity has returned to normal, seasonally-adjusted job growth tends to slow during the spring hiring season when the labour market is tight.

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