Thursday, December 05, 2019

Goldman: November Payrolls Preview

by Calculated Risk on 12/05/2019 04:04:00 PM

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:

We estimate nonfarm payrolls increased 180k in November ... We expect a 46k boost from the end of the General Motors strike … We also believe some of the 68k ADP miss this month reflected legitimate weakness in the ADP jobs panel.

We estimate an unchanged unemployment rate at 3.6%
emphasis added