- Less Cash for Banks Helps US Cut Budget Gap Forecast
- Buffett 'Greenback Effect' Warning: A Call to Buy Stocks
- Cash for Clunkers: Victim of Its Own Success?
- Rio Tinto First-Half Profit Slumps, Cautious on Price Rally
- Swiss Government to Dump $1.67 Billion UBS Stake
- As China Slows, US Can Pick Up the Ball
- FDIC to Vote on New Private Equity Rules Next Week
- Cramer: Despite Reports, Retail Getting Stronger
- Is It Time To Bounce Bernanke?
- Maria: Don't Believe the Hype (in Europe)
- News Corp's MySpace is Buying iLike
- 8 Dividend Plays For Your Portfolio: Stock Pickers
- $100 a Barrel For Oil By Year-End: Kilduff
- Even Romance Is Bad For You Now
- Why ESPN The Magazine Is Going To Four Cents
- Why Isn't Apple's Board 'Cook'in' Yet?
- Playing The Public Option In Health Care
- Warren Buffett's 'Greenback Effect' Warning: A Call to Buy Stocks
|
CNBC'S MOST SHARED
- Michael Vick Signing: Winners & Losers
- US Builds Crime Cases on Clients of UBS
- How Many Soccer Players Does it Take to Put On a T-Shirt?
- Dollar Bulls May Gain Upper Hand: Forex Analyst
- Existing-Home Sales Rise, Helped by Lower Prices
- Cramer: Citigroup Is 'Red Hot'
- More Workers Are Increasing Retirement Savings: Fidelity
- Stocks Gain 1.3% After Fed's 'Rosy' Outlook
- Consumer Confidence Stronger in August: Survey
- Second Stimulus Needed to Avoid Lost Decade: Krugman
Text Size 
Goldman Sachs pared its forecast for U.S. nonfarm payroll job losses to -250,000 from its previous -300,000 estimate, citing jobless claims data as suggesting some improvement in labor market conditions, Goldman [GS
Loading...
()
] analysts said in a research note on Thursday.
The government's July non-farm payrolls report is due on Friday at 8:30 a.m. EDT.
'Incoming information on the labor market has been a mixed bag, but in our view points toward a slightly better outcome than our first estimate made about two weeks ago,' Goldman's research note said.
"In particular, information on jobless claims suggests even after correcting for seasonal distortions related to the timing of auto sector plant shutdowns (there is) some improvement in the state of the labor market," the note added.
However, Goldman's forecast for the U.S. jobless rate in July remains unchanged at 9.7 percent, the note said.
Data is a real-time snapshot *Data is delayed at least 15 minutes