Goldman Sachs Sees Temporary Lift to US Jobs, Growth From 2026 World Cup
Summary
- Goldman Sachs said the 2026 North American World Cup could add about 40,000 US nonfarm payroll jobs in June.
- It said temporary hiring in hospitality, retail and transportation, along with an influx of tourists, could put modest upward pressure on retail sales, GDP and prices.
- Still, it said the economic stimulus effect would be mostly temporary, with only a limited impact on the medium- to long-term growth trend.
Forecast Trend Report by Period
Goldman Sachs projects that the 2026 FIFA World Cup in North America will provide a short-term boost to US employment and economic growth. Markets are focused on how the large international sporting event could affect the US economy.
On June 8, Goldman Sachs said the tournament could add about 40,000 US nonfarm payroll jobs in June.
The bank expects temporary hiring demand to rise primarily in hospitality, retail and transportation.
It also projects that millions of tourists visiting host cities will put modest upward pressure on retail sales, gross domestic product and prices.
Goldman Sachs said most of the economic impact would be temporary.
Once World Cup-related temporary hiring and spending end, much of the increase in employment and consumption will likely reverse over the following months.
Market participants say the World Cup could provide a short-term boost to the US economy, but its effect will be limited when it comes to changing the medium- to long-term growth trend.
JH Kim
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