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Thursday, February 04, 2021

Goldman January Payrolls Preview

by Calculated Risk on 2/04/2021 03:41:00 PM

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

We estimate nonfarm payrolls rose 200k ... We also expect fewer seasonal layoffs of retail, leisure, and temp help workers, due to already-depressed employment levels in those industries ... We estimate an unchanged unemployment rate at 6.7%.
emphasis added
CR Note: The consensus is for 50 thousand jobs added, and for the unemployment rate to be unchanged at 6.7%.