Goldman Sachs non-farm payroll preview

<p>Goldman Sachs preview the US labor market report:
</p><ul><li>Despite the labor market continuing to rebalance, with our jobs-workers gap now a large part of the way back to pre-pandemic levels, we estimate Friday's jobs report will show a strong 200k (mom sa) rise in nonfarm payrolls in September. </li><li>
We expect the unemployment rate to decline to 3.7% (from 3.8% in August) </li><li>
and forecast a 0.3% increase in average hourly earnings (mom sa) that slightly lowers the year-on-year rate to 4.28%, partly reflecting waning wage pressures.</li></ul><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/news/non-farm-payrolls-preview-jobs-report-set-to-land-in-a-fragile-market-20231005/" target="_self">Non-farm payrolls preview: Jobs report set to land in a fragile market</a></li></ul>

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