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Thursday, May 06, 2021

Goldman April Payrolls Preview

by Calculated Risk on 5/06/2021 03:54:00 PM

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

We estimate nonfarm payrolls rose 1,300k in April (mom sa) ... We estimate a five-tenths decline in the unemployment rate to 5.5%, reflecting rapid job gains partially offset by an expected rise in the participation rate.
emphasis added
CR Note: The consensus is for 978 thousand jobs added, and for the unemployment rate to decrease to 5.7%.