Thursday, January 03, 2019

Goldman: December Payrolls Preview

by Calculated Risk on 1/03/2019 03:55:00 PM

A few brief excerpts from a note by Goldman Sachs economists Choi and Hill:

We estimate nonfarm payrolls increased 195k in December, somewhat above consensus of +180k. Our forecast reflects a modest slowdown in the trend of job growth, and a weather-related boost worth 25k or more. …

We expect the unemployment rate to remain at 3.7% ... We estimate average hourly earnings increased 0.3% month-over-month and 3.0% year-over-year...
emphasis added