Ahead of the U.S. January unemployment rate and nonfarm payrolls data release, 32 financial institutions have provided their forecasts. Most predict the unemployment rate to be between 4.3% and 4.5%, with Nomura Securities, CIBC, and others expecting 4.3%, while ING, ANZ, and several others forecast 4.4%. HSBC Holdings and YC Capital anticipate a slightly higher rate of 4.5%.
For nonfarm payrolls, predictions vary widely. Standard Chartered Bank expects a decrease of 10,000 jobs, while Citigroup forecasts an increase of 135,000 jobs. Other notable predictions include Goldman Sachs at 45,000, Morgan Stanley at 55,000, and UBS Group at 90,000. The data is set to be released at 21:30 (UTC+8) tonight.
Institutions Predict U.S. January Unemployment Rate and Nonfarm Payrolls
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