US NFP to rise by 1,300K in April – Goldman Sachs
Analysts at Goldman Sachs predict a strong US NFP report for April, with their expectations highlighted below.
Key quotes
“Estimate nonfarm payrolls rose 1,300k in April (m/m sa).”
“Estimate a five-tenths decline in the unemployment rate to 5.5%, reflecting rapid job gains partially offset by an expected rise in the participation rate.”
“Estimate a flat monthly reading for average hourly earnings ... due to negative composition and calendar effects; coupled with the anniversary of the spring 2020 lockdowns, we estimate the year-on-year rate will plummet from +4.2% to -0.4%.”
Reprinted from FXStreet,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.