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Goldman: January Payrolls Preview

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:We estimate that nonfarm payrolls increased 205k in January, above consensus of +180k. Labor market fundamentals continue to appear solid, and we believe weather in the survey week improved sequentially from that of December, despite the “bomb cyclone” in the first week of the month. We forecast a stable unemployment rate of 4.
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