Goldman Sachs estimate +149K for US non-farm payrolls

<p>Goldman Sachs forecasts for the US jobs market data due Friday, 1 September 2023:</p><p>We estimate nonfarm payrolls rose by 149k in August</p><ul><li>our forecast embeds a 26k one-time drag from thee combination of Hollywood worker strikes (-18k) and Yellow trucking layoffs (-8k)</li></ul><p>We estimate that the unemployment rate was unchanged at 3.5%, in line with consensus</p><ul><li>reflecting a modest rise in household employment and unchanged labor force participation (at 62.6%)</li></ul><p>More here:</p><ul><li><a href="https://www.forexlive.com/news/non-farm-payrolls-preview-why-august-jobs-are-likely-to-disappoint-20230831/" target="_self">Non-farm payrolls preview: Why August jobs are likely to disappoint</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.