US NFP rose to 600K in September – Goldman Sachs

Although US Congress headlines are hot, due to voting on debt ceiling extension, the Nonfarm Payroll (NFP) day is also an important catalyst to watch. Considering this, Goldman Sachs came out with their forecast for today’s September month releases.

The US bank expects a 600K addition to the headlines NFP figure while a pullback into the Unemployment Rate numbers of 5.2% to 5.1%.

The report cites “the nationwide expiration of enhanced unemployment benefits on September 5,” as adding around 200K to the NFP.

“Reopening of schools contributed to September job growth, by around 150K,” adds GS.

Read: US Nonfarm Payrolls September Preview: How far will markets go when the Fed tapers?