US non-farm payrolls data due Friday - Goldman Sachs' estimates

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US non-farm payrolls data due Friday - Goldman Sachs' estimates

<p>Adam posted a great preview here:</p><ul><li><a href="https://www.forexlive.com/news/preview-august-non-farm-payrolls-by-the-numbers-and-why-its-likely-to-disappoint-20220901/" target="_blank" data-article-link="true">Preview: August non-farm payrolls by the numbers (and why it's likely to disappoint)</a></li></ul><p>Goldman Sachs' estimates are for:</p><ul><li>headline nonfarm payrolls +350k in August</li><li>unemployment rate edged down to 3.4%</li></ul><p>Goldman Sachs on the equity market impact:</p><ul><li>the sweet spot for stocks tomorrow is a 0 - 100k headline reading</li><li>should get a 100+bp rally for S&P in this scenario after this recent drawdown</li><li>If we happen to get a negative number an even sharper rally</li></ul><p>Other headline forecasts:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.

Source: US non-farm payrolls data due Friday - Goldman Sachs' estimates

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