US: Unemployment rate seen higher at 3.7% on rise in continuing claims – Goldman Sachs

Analysts at Goldman Sachs offer key expectations from Friday’s US Non-farm Payrolls data due on the cards at 1230 GMT.

Key Quotes:

“Expect an increase of 175k in June payrolls.

Unemployment rate seen at 3.7% due to rise in continuing claims.

Average hourly earnings +0.4% m/m in June and +3.2% y/y.”