Goldman Sachs preview the NFP due from the US on Friday 7 December 2018

The bank:

  • estimate nonfarm payrolls increased 185k in November

Citing:

  • forecast reflects a 15-25k drag from winter storms
  • and given rising jobless claims and tighter financial conditions, the underlying pace of job growth may have also slowed somewhat

More:

  • unemployment rate to remain at 3.7%
  • average hourly earnings increased 0.3% month over month, with the year-over-year rate moving to a cycle high of 3.2%