by Calculated Risk on 10/03/2019 03:45:00 PM
Thursday, October 03, 2019
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:
We estimate nonfarm payrolls increased 150k in September, compared to consensus of +146k. While employment surveys weakened further on net, their levels are still consistent with above-potential job growth. …CR Note: It will be important to adjust for decennial Census hiring. Ex-Census the Goldman forecast is for about 135K jobs.
We estimate a one tenth decline in the unemployment rate to 3.6%. …
Posted by Calculated Risk on 10/03/2019 03:45:00 PM