Goldman Sachs NFP preview, say that August payrolls often have a negative bias initially ...Middle East

Goldman Sachs is forecasting a +155K headline nonfarm payroll employment number. This is slightly under the +160K consensus. More from their preview:Unemployment rate ticking down a touch to 4.2%Average hourly earnings +0.3% m/mAverage hourly earnings +3.7% y/yParticipation rate 62.7%GS cite (in summary):"Big Data" indicators suggest job creation is below recent payroll trendsAugust payrolls often have a negative bias in initial reports over the past decadeModest job rebound expected from July’s severe weather impact and contributions from recent immigration surgesUnemployment rate estimated to decrease partly due to the reversal of temporary layoffs in July (linked to auto plant retooling a

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Goldman Sachs NFP preview, say that August payrolls often have a negative bias initially ...Middle East

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