From the US on Friday morning comes the nonfarm payroll report
But, Wednesday morning from the US will be another jobs report, the ADP Employment Report
- For July
- Out at 1215GMT
- Consensus median estimate is +190K
- prior was +158K
The report's record of 'predicting' the NFP is, errr, patchy (I'm being generous :-D ), but still it'll be watched. The ADP report only covers private (excluding government) payrolls.
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The ADP national employment report is taken from a portion of ADP records that represent approximately 400,000 U.S. business clients and approximately 23 million U.S. employees working in all private industrial sectors.
