Goldman Sachs expects that the economy to add 50,000 jobs in September, unemployment to 4.5%, while average hourly earnings is expected to rise by 0.4% on a monthly basis and 2.7% year over year.
It said that their estimates that non-farm employment growth will slow to +50 thousand in September, there is a collective agreement to reach + 80 thousand jobs, and an average of three months to the number of 185K jobs.
The projections reflect floods and electricity cuts caused by Hurricane Harvey and Irma, which affected more than 10% of the population and caused losses of more than 100$ billion.
Goldman Sachs believes that the impact on today's data is highly uncertain.
