Goldman: March Payrolls Preview - InvestingChannel

Goldman: March Payrolls Preview

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

We estimate nonfarm payrolls declined 180k in March, below consensus of -100k.

We estimate the unemployment rate rose three tenths to 3.8%, with risks skewed towards a larger increase (consensus 3.8%).

While we look for a weaker-than-consensus report tomorrow, the March employment numbers are already fairly stale and insignificant in our view, because the April report will likely show job losses in the millions.
emphasis added

Related posts

Idiocy in Spain: Bank Proposal to Build More Houses, Issue More Mortgages, Despite Massive Inventory and Enormous Drop in Sales

Mish Global Economic Trend Analysis

Sky City: China to Build World’s Tallest Building, 220 Stories, in 90 Days

Mish Global Economic Trend Analysis

It’s No Wonder People Don’t Understand the “Public” Debt

Angry Bear

EU Budget Laugh of the Day “No One Is Discussing Quality”

Mish Global Economic Trend Analysis

Via Barry Ritholtz’s  Big Picture comes this PBS six minute …

Angry Bear

Politics and Specific Policies

Angry Bear