Non-farm payroll job growth expected at 220K in March – Goldman Sachs

FXStreet (Mumbai) - The investment bank Goldman Sachs expects the non-farm payroll job growth of 220K in March, which is below the consensus forecast of 245K.

The bank expects expect the unemployment rate to remain unchanged at 5.5%, while average hourly earnings are seen rising 0.2%, roughly in line with the recent trend rate of wage growth. "In March, most labor market indicators were flat to weak, suggesting payroll growth somewhat below the recent trend," the bank added.