Analysts at Goldman Sachs offer a sneak peek at what to expect from Friday’s US Non-Farm Payrolls data due for release at 1330 GMT.
“The February survey period was too early to show a meaningful impact of the coronavirus outbreak on hiring.
We estimate nonfarm payrolls increased 195k in February.
20-30k boost from the weather.
We estimate the unemployment rate to 3.5%.
We estimate the average hourly earnings increased by 0.3% m/m month-over-month.”