38 investment banks forecast non-farm jobs in September: unemployment should remain stable, but job creation should slow! Gold price should suffer an upward shock
At 8:30 pm Beijing time on Friday (October 7), the United States will announce the seasonally adjusted changes and the unemployment rate for September. On Thursday (Oct 6), 38 major investment banks, including Citi and Goldman Sachs, released their forecasts for the data, as follows.
According to forecasts by 38 major investment banks, major investment banks believe that the growth rate of non-agricultural agriculture will decline further in September and the difference in growth expectations between investment banks is not great. Notably, non-farm employment growth in the United States in September is expected to be between 200,000 and 337,000, compared to the expected median of 250,000 (previously 315,000), and the unemployment rate is expected to be between 3.6% and 3.8%. 3.7% (former value 3.7%), the average hourly wage is expected to increase at an annual rate of 4.9% -5.3% and the median forecast is 5.2% (former value 5.2%) .
Compared to the previous value, the investment bank believes that September’s non-farm performance will continue to be strong, but the growth rate will be reduced, while the annual unemployment rate and average hourly wages are essentially the same as the previous value.
Bets on solid nonfarm paychecks in the US rose in September on Thursday as the ISM Services PMI employment sub-index performed well and ADP paychecks were stronger than expected as well. overall are slightly stronger than expected, gold prices The further negative impact of gold may be contained. Even if it is under a little pressure in the short term, it could quickly go from a decline to an increase. Conversely, if the non-farm data for September is in line with expectations or worse than expected, the price of gold will still tend to fluctuate higher.
If nonfarm payroll data is unexpectedly particularly strong, it could weigh on gold prices and you will need to pay close attention to the performance of the US dollar and US bond yields.
At 12:27 pm on October 7th Beijing time, spot gold was reported at $ 1,711.85 per ounce.
