Goldman Sachs global macro research

From the FXWW Chatroom – We forecast nonfarm payroll growth of 215k in September, above consensus expectations of 200k by about 0.3 standard deviations of a typical surprise. Labor market indicators were mixed in September, and we therefore expect a print roughly in line with the 212k monthly average seen so far in 2015. August payrolls were likely distorted downward by seasonal bias last month and may be revised up. We expect the unemployment rate to remain at 5.1%. Finally, average hourly earnings should rise a softer 0.1% in September as a result of calendar effects. 

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