Latest News

Goldman October Payrolls Preview


A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:
We estimate nonfarm payrolls rose by 225k in October (mom sa) … Labor demand remains elevated despite declining this year, and Big Data indicators generally point to above-consensus payroll gains. … We estimate the unemployment rate was unchanged at 3.5% in Octobe … We estimate average hourly earnings rose 0.35% month-over-month and 4.7% year-on-year.
emphasis added Reports Weekly Active Inventory Up 40% Year-over-year; New Listings Down 13%

Previous article

Friday: Employment Report

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News