June 03, 2022 - 11:04 AM 259 views
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.
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
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
On an optimistic
side, the May seasonal factors have evolved fairly in recent years and serve as
a tailwind approximately 100K in our view.