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Goldman: November Payrolls Preview

Summary:
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:We estimate nonfarm payrolls increased 180k in November ... We expect a 46k boost from the end of the General Motors strike … We also believe some of the 68k ADP miss this month reflected legitimate weakness in the ADP jobs panel.We estimate an unchanged unemployment rate at 3.6% … emphasis added

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A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:
We estimate nonfarm payrolls increased 180k in November ... We expect a 46k boost from the end of the General Motors strike … We also believe some of the 68k ADP miss this month reflected legitimate weakness in the ADP jobs panel.

We estimate an unchanged unemployment rate at 3.6%
emphasis added

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