After Donald Trump promised not to report the data in advance anymore, Goldman Sachs are ready with its forecast on the employment report at 15:30 today. The bank strategists are of the opinion that new jobs will grow by about 200,000 or it is slightly more optimistic than the consensus forecast of 191,000. Goldman relies on higher-than-expected figures, citing positive manufacturing and services. In addition, the bank also highlights the strong recruitment of students just graduated, as well as the precedent that job growth is accelerating in June, when it is typically shrinking.
“As far as unemployment is concerned, we expect it to drop to 3.7% today, and average hourly wages will rise 0.3%,” Goldman said.
Trader Petar Milanov