• Friday: Employment Report

    2 monthes ago - By Calculated Risk

    My December Employment Preview
    Goldman: December Payrolls Preview
    Friday:
    • At 8:30 AM, Employment Report for December. The consensus is for 180,000 jobs added, and for the unemployment rate to be unchanged at 3.7%.
    • Early, Reis Q4 2018 Mall Survey of rents and vacancy rates.
    • At 10:15 AM to 12:15 PM, Federal Reserve chairs: Joint Interview , Neil Irwin of the NY Times will interview Fed Chair Jay Powell, and former Fed Chairs Ben Bernanke and Janet Yellen.
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  • Goldman: December Payrolls Preview

    2 monthes ago - By Calculated Risk

    A few brief excerpts from a note by Goldman Sachs economists Choi and Hill:
    We estimate nonfarm payrolls increased 195k in December, somewhat above consensus of +180k. Our forecast reflects a modest slowdown in the trend of job growth, and a weather-related boost worth 25k or more....
    We expect the unemployment rate to remain at 3.7%... We estimate average hourly earnings increased 0.3% month-over-month and 3.0% year-over-year...
    emphasis added
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