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Goldman August Payrolls Preview


by Calculated Risk on 9/01/2022 04:07:00 PM

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:

We estimate nonfarm payrolls rose by 350k in August (mom sa) … We estimate the unemployment rate edged down to 3.4% in August …
emphasis added

CR Note: The consensus is for 280 thousand jobs added, and for the unemployment rate to be unchanged at 3.5%.

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