A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate nonfarm payrolls declined by 24 million in April.…We estimate the unemployment rate rose from 4.4% to 14.0%.…In interpreting tomorrow’s report, we will pay special attention to the number and share of workers on furlough or temporary layoff.emphasis added
source https://thebtrader.com/2020/05/07/goldman-april-payrolls-review/?utm_source=rss&utm_medium=rss&utm_campaign=goldman-april-payrolls-review
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