Goldman: September Payrolls Preview - InvestingChannel

Goldman: September Payrolls Preview

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:

We estimate nonfarm payrolls increased 150k in September, compared to consensus of +146k. While employment surveys weakened further on net, their levels are still consistent with above-potential job growth. …

We estimate a one tenth decline in the unemployment rate to 3.6%. …
emphasis added

CR Note: It will be important to adjust for decennial Census hiring. Ex-Census the Goldman forecast is for about 135K jobs.

Related posts

Idiocy in Spain: Bank Proposal to Build More Houses, Issue More Mortgages, Despite Massive Inventory and Enormous Drop in Sales

Mish Global Economic Trend Analysis

Sky City: China to Build World’s Tallest Building, 220 Stories, in 90 Days

Mish Global Economic Trend Analysis

It’s No Wonder People Don’t Understand the “Public” Debt

Angry Bear

EU Budget Laugh of the Day “No One Is Discussing Quality”

Mish Global Economic Trend Analysis

Via Barry Ritholtz’s  Big Picture comes this PBS six minute …

Angry Bear

Politics and Specific Policies

Angry Bear