Goldman February Payrolls Preview - InvestingChannel

Goldman February Payrolls Preview

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

We estimate nonfarm payrolls rose 225k in February … the severe winter storms in the South probably struck too late to significantly affect the report … We estimate an unchanged unemployment rate of 6.3%, reflecting a solid expected rise in household employment offset by a rebound in labor force participation.
emphasis added

CR Note: The consensus is for 148 thousand jobs added, and for the unemployment rate to increase to 6.4%.

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