Goldman November Payrolls Preview - InvestingChannel

Goldman November Payrolls Preview

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

We estimate nonfarm payrolls rose 450k in November … The breadth and severity of the virus resurgence suggests a larger labor market impact than during in the second wave …

We estimate the unemployment rate declined a tenth to 6.8% … reflecting an increase in household employment and a pause in the labor force participation rebound.
emphasis added

CR Note: The consensus is for 500 thousand jobs added, and for the unemployment rate to decrease to 6.7%.

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