by Calculated Risk on 9/06/2018 02:52:00 PM
Thursday, September 06, 2018
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:
We estimate that nonfarm payrolls increased 175k in August ... While continued strength in employment surveys and jobless claims data suggest underlying labor demand remains solid, we expect a drag of around 40k from negative residual seasonality. ...
We estimate the unemployment rate fell one tenth to 3.8% … we expect average hourly earnings to increase 0.2% month over month and 2.7% year over year ...
Posted by Calculated Risk on 9/06/2018 02:52:00 PM