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What To Expect From NFP? - Goldman, Citi, Nomura, Barclays, & Others
The following are the expectations for today's US November jobs report by the economists at Goldman Sachs, Citibank, Nomura, and other leading banks: GS: US Non-Farm Payrolls: 175K. Unemployment Rate: 7.1%. Citi: Bottom line: Our bias is for a print above 200k, with the USD benefiting against EUR and EM FX. Above 220k, AUDUSD and carry trades will come under heavy pressure. Citi economists are forecasting +180k, in line with the market, expecting the unemployment rate to fall to 7.1%. A broad universe of labor data (Jobless claims, Insured unemployment rate, Jobs gap, CapU, ISM and ADP) all point to a stronger print. ... (full story)
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