Analysts at Goldman Sachs offer their expectations on Friday’s critical United States (US) Nonfarm Payrolls (NFP) release due for release at 12:30 GMT.
Key quotes
“Nonfarm payrolls rose by 225k in October.”
“Unemployment rate unchanged at 3.5%.”
“Average hourly earnings +0.35% MoM & +4.7% YoY.”
“Labor demand remains elevated despite declining this year.”
“Big data indicators generally point to above-consensus payroll gains.”