U.S. Big Three Banks Forecast Non-Farm Employment Between 155,000 and 275,000

Forex - In the US, the non-farm payroll figures will be released today at 16:30 Istanbul time. The market's average expectation is an increase of 214,000 in employment and an unemployment rate of 4.2%.

Goldman Sachs expects a significant increase of 235,000 due to the recovery from hurricane effects and particularly the returns following the Boeing strike. The unemployment rate is expected to remain at 4.1% with the support of rising labor force participation and strong employment growth.

JPMorgan (NYSE:JPM) predicts a job growth of 275,000 for November, anticipating that the unemployment rate could rise to 4.2%, and average hourly earnings are expected to show a slight increase of 0.3% month-on-month or 3.9% year-on-year.

Citi expects an increase of 155,000 jobs, indicating a trend of slow down that balances out disruptions caused by strikes and hurricanes in October.

Citi forecasts the unemployment rate to rise to 4.28%, noting that this rate reflects prolonged unemployment due to declining hires.