Thursday, September 01, 2022

Goldman August Payrolls Preview

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:
We estimate nonfarm payrolls rose by 350k in August (mom sa) ... We estimate the unemployment rate edged down to 3.4% in August ...
emphasis added
CR Note: The consensus is for 280 thousand jobs added, and for the unemployment rate to be unchanged at 3.5%.

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