NFP to rise by 300K in April, according to Goldman Sachs

Goldman Sachs analysts provide a preliminary study of what you should predict from Friday’s US nonfarm payroll data, which will be released at 1230 GMT.

May 06, 2022 - 11:27 AM 255 views

NFP to rise by 300K in April, according to Goldman Sachs

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© NFP to rise by 300K in April, according to Goldman Sachs

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Goldman Sachs analysts provide a preliminary study of what you should predict from Friday’s US nonfarm payroll data, which will be released at 1230 GMT.

       Important Quotes

       In April, we predict nonfarm payrolls will rise to 300K.

         We predict a one-tenth drop in the unemployment rate to 3.5%. In reversal, there is a heavy increase in household employment and it increased to a 0.1pp rise. Overall, the labour force participation is 62.5%.

        Labor will always be in high demand, while dining activity will return to normal. During the spring season, the seasonally adjusted job growth tends to slow down because of the rigid labour market.

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