US: Headline NFP to increase by 195k – Goldman Sachs

The Goldman Sachs Analysts offer a sneak peek at what to expect from Friday’s ley event risk - the US labor market report due at 1230 GMT.

Key Quotes:

“Forecast the headline nonfarm payroll to increase by 195k.

The pace of job growth remains solid due to lower jobless claims and resilient employment surveys.

Expect unchanged unemployment rate at 3.8%.

See average hourly earnings at +0.2% (m/m sa) and 3.2% y/y. “