MNI INTERVIEW2: Riksbank Sales Boosting Liquidity - Debt Head

MNI China Daily Summary: Thursday, Dec 5

MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI: EUROZONE OCT RETAIL SALES -0.5% M/M, +1.9% Y/Y

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US OUTLOOK/OPINION: GS Above NFP Consensus And Eye August Upward Revision

US OUTLOOK/OPINION
USNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Goldman Sachs estimate nonfarm payrolls growth of 165k in September (consensus 150k) and also “suspect August payroll growth will be revised higher, as has been typical over the last decade, though revisions so far this year have been disproportionately downward.”
  • “On net, Big Data indicators indicate a pace of job creation above the recent payrolls trend. We assume above-trend (albeit moderating) contributions from the recent surge in immigration and catch-up hiring.”
  • “We estimate that the unemployment rate was unchanged on a rounded basis at 4.2%, reflecting a flat labor force participation rate and firmer household employment growth.”
  • AHE seen rising 0.2% M/M (sa), “which would lower the year-over-year rate by 0.1pp to 3.7%, reflecting waning wage pressures and modestly negative calendar effects.”
121 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Goldman Sachs estimate nonfarm payrolls growth of 165k in September (consensus 150k) and also “suspect August payroll growth will be revised higher, as has been typical over the last decade, though revisions so far this year have been disproportionately downward.”
  • “On net, Big Data indicators indicate a pace of job creation above the recent payrolls trend. We assume above-trend (albeit moderating) contributions from the recent surge in immigration and catch-up hiring.”
  • “We estimate that the unemployment rate was unchanged on a rounded basis at 4.2%, reflecting a flat labor force participation rate and firmer household employment growth.”
  • AHE seen rising 0.2% M/M (sa), “which would lower the year-over-year rate by 0.1pp to 3.7%, reflecting waning wage pressures and modestly negative calendar effects.”