Thursday, October 1, 2009

Goldman Sachs Says Unemployment Will Increase To 9.8% Tomorrow

ZH is reporting today that Jan Hatzius of Goldman Sachs is downgrading their September Payroll Forecast:

"We are changing our forecast for the September change in nonfarm payrolls to -250,000 from -200,000. We continue to think that the unemployment rate will be reported at 9.8%."

9.8%. Check again tomorrow. Maybe they know something we don't.

Jan Hatzius is the chief US economist and is responsible for setting the firm's US economic and interest rate outlook.

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