US NFP Preview: Payrolls seen rising by 225k in October – Goldman Sachs

Analysts at Goldman Sachs offer their expectations on Friday’s critical United States (US) Nonfarm Payrolls (NFP) release due for release at 12:30 GMT.

Key quotes

“Nonfarm payrolls rose by 225k in October.”

“Unemployment rate unchanged at 3.5%.”

“Average hourly earnings +0.35% MoM & +4.7% YoY.”

“Labor demand remains elevated despite declining this year.”

“Big data indicators generally point to above-consensus payroll gains.”