US NFP expected to rise to 575K in November – Goldman Sachs

Analysts at Goldman Sachs offer a sneak peek at what to expect from Friday’s US Nonfarm Payrolls data due for release at 1330 GMT.

Key quotes

“Looking for a headline +575k and the unemployment rate to 4.5%.” 

“Big Data employment indicators were mixed in the month, and we also see some chance that labor supply constraints weighed on pre-holiday hiring in the retail industry.”

A drop in the jobless rate reflects “a strong household employment gain but a likely rebound in the labor force participation rate.” 

Read: Nonfarm Payrolls Preview: Jobs’ headline could be a make it or break it in tapering’s decision