US: Headline nonfarm payrolls seen at +150k – Goldman Sachs

Analysts at Goldman Sachs offer a sneak peek at what to expect from Friday’s US Non-Farm Employment Change data due to be reported at 1230 GMT.

Key Quotes:

“Estimate the headline nonfarm payrolls +150k.

Our forecast reflects a 15-20k boost from Census canvassing activities, but a slower underlying pace of private-sector job gains in part reflecting the return of the trade war.

Unemployment rate unchanged at 3.7%.

Average hourly earnings +0.2% m/m and 3.0% y/y.”