US: Nonfarm Payrolls likely increased 150k in September – Goldman Sachs

Analysts at the US investment banking giant, Goldman Sachs, provide a brief preview on what to expect from Friday’s critical US labor market report due to be released at 1230 GMT.

Key Quotes:

“Estimating nonfarm payrolls increased 150k in September. 

Forecast for the unemployment rate 3.6%.

Average hourly earnings 0.2% m/m and 3.2% y/y.

Employment surveys weakened further on net, their levels are still consistent with above-potential job growth.”