October 05, 2022 18:17 GMT
- Goldman forecast a 200k (cons 260k) increase in NFP in September, from August’s 315k “ reflecting the loss of the summer youth labor force”.
- Big Data indicators were mixed in the month, but jobless claims remain low and the level of labor demand also remains elevated despite declining meaningfully this year”.
- They see the u/e rate unchanged at 3.7%, “reflecting flat-to-up labor force participation and a rise in household employment”.
- AHE seen at 0.35% M/M (cons 0.3%) from 0.31% in August, “reflecting neutral calendar effects but a possible boost from autumn recruitment efforts”.