by Calculated Risk on 2/04/2021 03:41:00 PM
Thursday, February 04, 2021
Goldman January Payrolls Preview
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%.CR Note: The consensus is for 50 thousand jobs added, and for the unemployment rate to be unchanged at 6.7%.
emphasis added