Ahead of September's Non-Farm Payrolls report, Goldman Sachs (GS) is ominously lowing their numbers.
Downgrading Our Sept Payroll Forecast
BOTTOM LINE: We are changing our forecast for the September change in nonfarm payrolls to -250,000 from -200,000. We continue to think that the unemployment rate will be reported at 9.8%.
1. The latest data points on the US job market have been disappointing on balance, including the Monster index of on-line hiring, the ISM employment index, consumers’ assessments of job availability, and the total number of individuals receiving continuing claims for unemployment insurance, including those for extended benefits.
Start getting excited! It's Non-Farm Payrolls day tomorrow. Here's Nomura: Employment report: We are forecasting an increase in total nonfarm payrolls in September of 60k, with private payrolls increasing 80k and manufacturing payro... Read Post
From Goldman... Based on information released so far this week, we are changing our payroll forecast to +125,000 from +100,000. This is roughly in line with the consensus expectation for tomorrow's release. Please follow Money Game ... Read Post
Bloomberg's top ranked economists at forecasting the monthly non farm payrolls report expect the labor market expanded by 110,000 positions in July. That's marginally above consensus estimates for a 100,000 print, and a tad above Bu... Read Post