Goldman Sachs is forecasting Friday’s nonfarm payroll at +250K, & jobless rate at 3.6%

NFP due at 1230 GMT on Friday, 8 July 2022

This
snapshot from the ForexLive economic data calendar, access
it here.

• The
  times in the left-most column are GMT.
• The
  numbers in the right-most column are the ‘prior’ (previous month)
  result. The number in the column next to that, where is a number, is
  the consensus median expected.

Via Goldman Sachs:

• We estimate nonfarm payrolls rose 250k in June
• We estimate an unchanged unemployment rate at 3.6%—in line with consensus—reflecting a solid rise in household employment offset by a 0.1pp rise in labor force participation to 62.4%.
• employment surveys and big data employment indicators generally weakened in the month
• the Challenger report showed an increase in job cuts—particularly in real estate, autos, and media
• We estimate an unchanged unemployment rate at 3.6%—in line with consensus—reflecting a solid rise in household employment offset by a 0.1pp rise in labor force participation to 62.4%.