Goldman August Payrolls Preview
by Calculated Risk on 9/01/2022 04:07:00 PM
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 …
CR Note: The consensus is for 280 thousand jobs added, and for the unemployment rate to be unchanged at 3.5%.