Goldman January Payrolls Preview

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:

We estimate nonfarm payrolls rose 200k … We also expect fewer seasonal layoffs of retail, leisure, and temp help workers, due to already-depressed employment levels in those industries … We estimate an unchanged unemployment rate at 6.7%.
emphasis added

CR Note: The consensus is for 50 thousand jobs added, and for the unemployment rate to be unchanged at 6.7%.