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1 Apr 2016
US: March NFP likely to post a gain of 220k – Goldman Sachs
David Mericle, Research Analyst at Goldman Sachs, expects a 220k gain in nonfarm payroll employment in March, above consensus expectations for a 205k increase and in line with the average rate of employment growth over the last year.
Key Quotes
“A further decline in jobless claims and improvements in the employment components of most business surveys were the highlights of the overall improvement in labor market indicators in March.
The unemployment rate is likely to remain unchanged at 4.9%, with risks to the downside. Average hourly earnings are likely to rise at a trend-like pace of 0.2% this month, with a rebound from last month’s surprisingly soft print offset by negative calendar effects.”
Key Quotes
“A further decline in jobless claims and improvements in the employment components of most business surveys were the highlights of the overall improvement in labor market indicators in March.
The unemployment rate is likely to remain unchanged at 4.9%, with risks to the downside. Average hourly earnings are likely to rise at a trend-like pace of 0.2% this month, with a rebound from last month’s surprisingly soft print offset by negative calendar effects.”