Thursday, January 09, 2020

Goldman: December Payrolls Preview

by Calculated Risk on 1/09/2020 04:56:00 PM

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

We estimate nonfarm payrolls increased 185k in December … We estimate an unchanged unemployment rate at 3.5% … we estimate average hourly earnings increased 0.2% month-over-month, lowering the year-over-year rate to 3.0%
emphasis added