NFP: US Economy Probably Adds 225K Jobs in May -Reuters

Goldman Sachs analysts provide a view on what they anticipate from Friday’s United States (US) nonfarm payrolls data, which is delayed and released at 1230GMT.

June 03, 2022 - 11:04 AM 259 views

NFP: US Economy Probably Adds 225K Jobs in May -Reuters

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© NFP: US Economy Probably Adds 225K Jobs in May -Reuters

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Goldman Sachs analysts provide a view on what they anticipate from Friday’s United States (US) nonfarm payrolls data, which is delayed and released at 1230GMT.

Important Quotes

We estimate nonfarm payrolls increased by 225K in May, a drop-off from the +428K pace in the last two months and down by 323K+ consensus.

We evaluate a one-tenth fall in unemployment to 3.5% in accordance with the general consensus.

Hike in the Job opportunities tend to slow down during the spring hiring season but however the labor market is compact specifically in the May month prior to the arrival of the Youth summer workforce and from all the four big data employment indicators we record a below consensus report.

Job postings data also point out a sequential decrease in the labor demand admit to still very high levels.

On an optimistic side, the May seasonal factors have evolved fairly in recent years and serve as a tailwind approximately 100K in our view.

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