Analysts at the US investment banking giant Goldman Sachs offer a sneak peek at what to expect from Friday’s US labor market report due to be published at 1330 GMT.
“See employment fundamentals in the US as ‘solid’ and cite retail jobs growth due to 2019’s late Thanksgiving along with a rebound in the Midwest following the winter storms.
Estimate the NFP headline at +185k.
See the unemployment rate at 3.5%.
Average Hourly Earnings to arrive at +0.2% m/m and +3.0% y/y.”