by Calculated Risk on 3/05/2020 04:32:00 PM
Thursday, March 05, 2020
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:
We estimate nonfarm payrolls increased 195k in February ... a 20-30k boost from weather … too early to show a meaningful impact of the coronavirus outbreak on hiring.
We estimate a one tenth decline in the unemployment rate to 3.5% ... We estimate average hourly earnings increased 0.3% month-over-month …
Posted by Calculated Risk on 3/05/2020 04:32:00 PM