Goldman Sachs Research previews the US April jobs report on Friday.

"We forecast an above-consensus 75k increase in payrolls in April and a flat 4.3% unemployment rate. Big data indicators of job growth were solid, layoffs remained low, and job openings have held steady," GS notes.

"We forecast that average hourly earnings rose 0.3% in April, reflecting neutral calendar effects.  Our wage tracker currently stands at 3.6% year-over-year and 3.2% quarterly annualized in Q1," GS adds