Nov NFP Preview – Goldman Sachs

Analysts at Goldman Sachs present a brief preview on the upcoming US labor market report, which will be published later today at 13.30GMT.
Key Highlights:
Forecast nonfarm payroll growth at +200k in November
Previous forecasts at +180k, citing a flow of stronger data so far this week (especially ADP)
Cite positive weather effects and "possible residual seasonality"
The US unemployment rate seen at 4.8%
Average hourly earnings expected +0.1% on the month (a lot lower than the +0.4% in October)
Cite "negative calendar effects" (forecast for y/y is at +2.7%)
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















