The Traderszone Network

Published in TZ Latest News 6 August, 2015 by The TZ Newswire Staff

Payrolls Preview: Goldman Expects Seasonal Bounce In Jobs But Warns Wage Growth May Disappoint

Via Goldman Sachs’ Karen Heichgott,

 We forecast nonfarm payroll growth of 225k in July, in line with consensus expectations. Many labor market indicators were softer in July, but some important service sector indicators, such as ISM nonmanufacturing employment, were significantly stronger. On balance, we expect job growth roughly consistent with the 223k increase in June.

 

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